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Canada's Building Permits Plummet In January, Led By Multi-Family Dwellings

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Mar 9, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Canada's building permits dropped more than expected in January, driven by lower construction intentions for multi-family dwellings. The value of Canadian building permits granted in January plunged 9.8% from December, the second steep decline in three months, according to Statistics Canada. The retreat exceeded the 2.5% decrease expected by analysts.[​IMG]

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