• Canadian building permits rose for the first time in 3 months

Market news

8 March 2017

Canadian building permits rose for the first time in 3 months

The value of building permits issued by Canadian municipalities rose 5.4% to $7.6 billion in January, following two consecutive monthly decreases. Six provinces posted increases, led by Alberta and British Columbia. Nationally, construction intentions rose in every component, particularly institutional buildings.

Construction intentions in the non-residential sector rose 11.2% to $2.5 billion in January, following a 10.3% decline in December. Every component increased, led by institutional buildings. Growth was registered in six provinces, with Alberta contributing the most to the gain. British Columbia was a distant second.

The value of building permits issued for institutional structures rose 19.0% to $732 million in January, the second increase in six months. The gain was mainly attributable to six provinces, led by Alberta, moderated by declines in Yukon and Ontario.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.