- Analytics
- News and Tools
- Market News
- Canada’s building permits increase more than forecast in July
Canada’s building permits increase more than forecast in July
Statistics
Canada announced on Tuesday that the value of building permits issued by the
Canadian municipalities rose 3.0 percent m-o-m in July, following a revised 3.1
percent m-o-m drop in June (originally a 3.7 percent m-o-m decline).
Economists had
forecast a 1.5 percent advance in July from the previous month.
According to
the report, the value of residential permits increased 2.2 percent m-o-m in
July, as permits for multi-family dwellings surged by 4.2 percent m-o-m, while
single-family permits fell by 0.2 percent m-o-m.
At the same
time, the value of non-residential building permits climbed by 4.3 percent
m-o-m in July, due to gains in institutional (+7.6 percent m-o-m) and
commercial (+6.7 percent m-o-m) permits, which however were partially offset by
a decline in industrial permits (-6.9 percent m-o-m).
In y-o-y terms,
building permits rose 0.7 percent in July.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
