- Previous month 12.9% revised from previous 13.5
Strong points:
- The total value of building permits in Canada increased 9.3% to $11.8 billion in February. A drop of -4.5% was expected
- The nonresidential sector grew 12.3% to $4.7 billion, boosted by large construction permits.
- The residential sector increased by 7.4% to reach $7.1 billion.
- Ontario led the growth with an increase of 21.7%, reaching $5.0 billion, with gains in all components.
- In constant dollars (2017=100), building permits increased by 8.5% in February, after an increase in January.
This article was written by Greg Michalowski at www.forexlive.com.
cnbctv18-forexlive