Canada November building permits -0.1% vs -6.0% expected
Building permits data for November from Statistics Canada
- Prior was +8.7% (revised to +10.5%)
Shortly before this report, the December housing starts numbers were stronger than expected so a good reading here doesn't come as a shock.
USD/CAD fell on the housing starts data but these are minor releases and the pair is struggling to stay down.
Month-over-month changes in value.
- Singles -2.0% vs +19.4% prior
- Multiples -1.0% vs +31.5% prior
- Non-residential +3.0% vs +7.5% prior
Good numbers all around after a huge increase in November.