Canadian August building permits were down 21.2% from July. This decline followed a 21.4% increase the previous month and was the result of lower construction intentions in both non-residential and residential sectors. With this decline, the trend in the value of building permits has become relatively flat since the beginning of 2013.
The Canadian dollar is weak this morning, trading down 25pts to 96.68 in December futures.
Drew Zimmerman
Investment & Commodities/Futures Advisor
604-664-2842 – Direct
604 664 2900 – Main
604 664 2666 – Fax
800 810 7022 – Toll Free
