Building permits in Canada declines 0.3% in April

Market news

8 June 2016

Building permits in Canada declines 0.3% in April

Statistics Canada released housing market data on Wednesday. Building permits in Canada declined 0.3% in April, missing expectations for a 1.5% rise, after a 6.3% drop in March. March's figure was revised up from a 7.0% decrease.

The decrease was driven by a decline in building permits in Ontario, Quebec and Nova Scotia.

Building permits for non-residential construction were up 2.5% in April, while permits in the residential sector plunged 1.8%.

Before the bell: S&P futures +0.20%, NASDAQ futures +0.23%

Housing starts in Canada fall to a seasonally adjusted annualized rate of 188,570 units in May

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