THE TAKEAWAY: [Canada housing starts declines sharply in July] > [Homebuilding slows amid tighter conditions in a bid to deflate possible bubble] > [USDCAD mixed] Housing starts in Canada declined more than expected in July, amid broad-based slowdowns in residential construction in both urban and rural areas. The Canada Mortgage and Housing Corporation estimated that the pace of housing starts fell to 208,500 on a seasonally adjusted annual basis in July, following a surprise rise to 222,700 the previous month. The median forecast of 19 economist surveyed by Bloomberg News had called for 213,000 housing starts in ... (full story)