Canada October building permits +2.3% vs +2.9% expected

<ul><li><a href="https://www.forexlive.com/news/canada-sept-building-permits-65-vs-16-expected-20231108/" target="_blank" rel="follow">Prior </a>was -6.5% (revised to -8.1%)</li><li>Oct permit value $11.2B vs $11.2B prior</li><li>Residential permits +0.6% vs +4.3% m/m prior</li><li>Non-residential +5.3% vs -21.0% prior</li></ul><p>There 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.</p>

This article was written by Adam Button at www.forexlive.com.