Canada October building permits +2.3% vs +2.9% expected ...Middle East

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Prior was -6.5% (revised to -8.1%)Oct permit value $11.2B vs $11.2B priorResidential permits +0.6% vs +4.3% m/m priorNon-residential +5.3% vs -21.0% priorThere will be a deep slowdown in Canadian residential construction but it's not here yet. On the non-residential side, a large permit was issued for the construction of a new hospital wing in Toronto, boosting that side of the ledger. This article was written by Adam Button at www.forexlive.com.

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