Building permits in Canada dropped 13.8% in November

Market news

9 January 2015

Building permits in Canada dropped 13.8% in November

Statistics Canada released housing market on Monday. Building permits in Canada plunged 13.8% in November, missing expectations for a 0.8% gain, after a 2.1% rise in October. October's figure was revised up from a 0.7% increase.

Building permits for non-residential construction climbed 15.8% in October, while permits in the residential sector decreased 19.9%.

Oil headed for a seventh weekly decline

Foreign exchange market. American session: the U.S. dollar traded lower against the most major currencies despite the better-than-expected U.S. labour market data

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