CAD Building Permits (M/M)

Actual
3%
Previous
-3.1%
Forecast
2.3%

The Building Permits, released by the the Statistics Canada, measures the number of new building projects authorized for construction. The figure allows a clearer idea to be formed in regards to consumer activity. The Building Permit figure can act as a leading indicator for the economy as a whole. A rise in Building Permits suggests corporate and consumer optimism.

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