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Gold/Mining/Energy : Shearhart Corporation (SHW) Home and Rural -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (49)8/16/1999 10:09:00 PM
From: Scott Mc  Read Replies (1) | Respond to of 86
 
good point, I think their thinking was to get higher visibility and maybe some one would start buying, about the only person pushing this stock was Al bundi , however since Sterling Fox's radio show was cancelled it gets no visibility, Scott



To: Buckey who wrote (49)9/9/1999 9:00:00 AM
From: roddio  Respond to of 86
 
Housing starts from CMHC- Ontario strong

FOR: CANADA MORTGAGE AND HOUSING CORPORATION

SEPTEMBER 9, 1999

CMHC: Housing Starts Stable in August

OTTAWA, ONTARIO--Housing starts in Canada remained essentially
unchanged in August at 147,400 units(1) from the revised level of
147,000 in July, according to Canada Mortgage and Housing
Corporation (CMHC).

Urban multiples were up 10.6 per cent to 53,000 units while urban
single declined 6.1 per cent to 72,000.

"Starts maintained pace in August as multiples compensated for
fewer singles. Activity should stay close to this rate for the
rest of the year given recent trends in employment growth,
mortgage rates and migration," said Philippe Le Goff, Senior
Economist at CMHC's Market Analysis Centre. "August numbers now
confirm that this year's starts will outpace the 1998 total of
137,439."

Residential construction in Prairie urban centres increased 10.3
per cent from July to 29,000 units. Singles rose 5.6 per cent to
16,900 while multiples rose to 12,100 units. Starts were up in
Alberta, but down in Manitoba and Saskatchewan.

Overall, Ontario starts increased by 1.1 per cent last month to
61,800 from 61,100 units in July. Multiples rose by 21 per cent
to 27,200 units. Singles went down 10.6 per cent to 34,600.
Toronto's residential construction was up sharply to 38,400 from
29,200 units in July.

British Columbia starts were 12,900 units in August compared with
the revised level of 13,400 the previous month. Singles decreased
to 7,300 units and multiples to 5,600 units. In Vancouver, starts
went down to 8,000 from 8,900 units the previous month.

Residential construction in Quebec urban centres decreased 6.2 per
cent to 16,600 units. Singles dropped 6.7 per cent to 9,800
while multiples went down 5.6 per cent to 6,800 units. Starts in
Montreal were down to 9,200 units.

Atlantic starts dropped by 23.0 per cent in August to 4,700 units
compared with 6,100 in July. Starts were up in Prince Edward
Island but down in the other three provinces.

(1) All starts figures in this release are Seasonally Adjusted
Annual Rate (SAAR) -- raw monthly figures adjusted to remove
normal seasonal variation and multiplied by 12 to reflect an
annual pace. Other CMHC local and provincial releases may also
present analysis using raw figures.

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