US initial jobless claims dropped -17k to 216k in the week ending January 5, below expectation of 226k. Four-week moving average of initial claims rose 2.5k to 221.75k. Continuing claims dropped -28k to 1.722M in the week ending December 29. Four-week moving average of continuing claims rose 15.25k to 1.721M.

Released from Canada, new housing price index rose 0.0% mom in November, matched expectations. Building permits rose 2.6% mom, beat expectation of -0.5% mom.

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