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.

Canada November building permits -0.1% vs -6.0% expected
Canada November building permits -0.1% vs -6.0% expected
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