Canada building permits declined 3.7% in August

FXStreet (Mumbai) – The data released by the Statistics Canada on Wednesday showed the total value of building permits decreased 3.7% to $7.5 billion in August, following a revised increases of 15.5% in June and 0.7% in July (revised data).

The actual figure missed the estimate of a 0.8% rise. The official report said the decline was attributable to lower construction intentions in most provinces, mainly British Columbia, Alberta, Quebec and Saskatchewan.

The data released by the Statistics Canada on Wednesday showed the total value of building permits decreased 3.7% to $7.5 billion in August, following a revised increases of 15.5% in June and 0.7% in July (revised data).

(Market News Provided by FXstreet)