Popular News From Popular Sites: Canada building permits drop in August from July

Tuesday, October 7, 2014

Canada building permits drop in August from July

Residential and commercial buildings are pictured in Vancouver, British Columbia OTTAWA (Reuters) - The value of Canadian building permits fell more than expected in August from July, according to Statistics Canada data released on Tuesday. The total value of building permits issued by Canadian municipalities fell 27.3 percent to C$6.7 billion ($6 billion) in August, the federal agency said. It said the August decline was mainly the result of lower construction intentions for non-residential buildings in Quebec and residential buildings in Ontario. Analysts surveyed by Reuters had expected a decrease of 12.5 percent in the value of building permits in August. ...




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