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Canadian building permits fall 0.6% in July

Published 09/09/2015, 08:45 AM
© Reuters. Canadian building permits fall less than forecast in July
USD/CAD
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Investing.com - The number of new building permits issued in Canada fell much less than expected in July, official data showed on Wednesday.

In a report, Statistic Canada said the number of new building permits issued declined by a seasonally adjusted 0.6% in July, better than forecasts for a fall of 5.0%.

New building permits issued in June was revised up to a gain of 15.5% from a previously reported increase of 14.8%.

Lower construction intentions in the non-residential sector, mainly in Ontario and Alberta, accounted for much of the decrease at the national level.

USD/CAD was trading at 1.3247 following the release of the data from around 1.3254 before.

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