Building permits in Canada plunges 12.9% in January

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6 marzo 2015

Building permits in Canada plunges 12.9% in January

Statistics Canada released housing market data on Friday. Building permits in Canada dropped 12.9% in January, missing expectations for a 5.5% gain, after a 6.1% rise in December. December's figure was revised down from a 7.7% increase.

That was the biggest drop since August 2014.

Building permits for non-residential construction plunged 22.8% in January, while permits in the residential sector fell 7.0%.

Lower non-residential permits were driven by weaker demand in the major provinces of Alberta, British Columbia and Ontario.

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

Canada's trade deficit widened to C$2.45 billion in January

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