Statistics Canada released housing market data on Friday. Building permits in Canada fell 6.7% in September, missing expectations for a 1.3% rise, after a 3.6% drop in August. August's figure was revised up from a 3.7% decrease.

The decline was mainly driven by lower construction intentions for residential buildings and commercial structures in Ontario.

Building permits for non-residential construction gained 1.6% in September, while permits in the residential sector slid 11.6%.