Sharp difference from last year when the result for the first two months of the fiscal year was a $1.5 billion surplus
Economists expect another rate cut could be in store
The auto sector was the only one to see a modest increase
Actual housing starts were markedly lower in two of Canada's three major cities compared with June 2023
The inflation reading is the last before the Bank of Canada's next interest rate decision
The overall decrease came as sales fell in five of the seven subsectors
Most provinces recorded year-over-year increases in asking rents for purpose-built and condo rentals
The result was the highest reading for the unemployment rate since January 2022
Exports dampened by lower energy prices and volatility in gold shipments
Real estate board says the number of homes sold in June tumbled 19.1%