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Canadian building permits -9.8% vs. -2.5% forecast

Published 2016-03-08, 08:30 a/m
© Reuters. Canadian building permits -9.8% vs. -2.5% forecast
Investing.com - The number of building permits issued in Canada fell more-than-expected last month, official data showed on Tuesday.

In a report, Statistics Canada said that Canadian building permits fell to a seasonally adjusted annual rate of -9.8%, from 7.7% in the preceding month whose figure was revised down from 11.3%.

Analysts had expected Canadian building permits to fall to -2.5% last month.

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