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- Building permits -3.1% vs -5.0% est
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- The total value of construction permits in Canada decreased by $399.1 million (-3.1%) to $12.6 billion in October.
- The October total was the fourth highest in the series.
- September saw a $1.3 billion increase in construction intentions, the second highest in the series.
- Ontario construction intentions fell by $696.4 million, leading the national non-residential decline.
- Occupancy growth in October was moderated by Ontario's decline after strong contributions in September.
- On a constant dollar basis (2017 = 100), October permits fell 3.6% month over month but rose 8.1% year over year.
This article was written by Greg Michalowski at www.forexlive.com.
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