Forex

Canada July structure permits -13.9% vs +6.6% assumed

.Prior was -12.2% (modified to -12.7%) Permits at $9.9 billion vs $11.6 billion priorresidential permits decreased 11.5% to $6.5 billion, led by multi-unitsingle-family homes +4.0% m/mnon-residential sector permits minimized 18.1% following a 21.3% increase in MayThese are actually next regular monthly drops of 12.7% and 13.9% in Canadian structure licenses. The condo unit boom is surely over along with Ontario multi-unit domestic down 25.7% and British Columbia -31.1% m/m. Readjusted for rising cost of living, investing is well-below 2019 levels.This post was actually created through Adam Switch at www.forexlive.com.