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Canadian Building Permits Fall Lower Than Expected

Published 2017-10-10, 08:34 a/m
Updated 2017-10-10, 08:37 a/m
Canadian building permits fall lower than expected.

Investing.com - The number of building permits issued in Canada fell more-than-expected in August, official data showed on Tuesday.

In a report, Statistics Canada said that Canadian building permits decreased to a seasonally adjusted 5.5% month-over-month compared to a fall 2.8% in July, which was revised from a decline of 3.5%

Analysts had expected Canadian building permits to fall 1.0%.

After the report, USD/CAD was trading at 1.2509 compared to 1.2497 before. EUR/USD was at 1.1792 compared to 1.1794 prior to the report while GBP/USD stayed flat at 1.3190.

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