Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Building Permits (MoM) was 14.9% against a forecast of -1.2%.
Recent economic data has been moderately bearish for CAD. Other recent announcements which may affect the market's interpretation of the next Building Permits (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| BoC Interest Rate Decision | (no change) | 2.25% | 2.25% | ||
| Average Hourly Wages (YoY) | (no change) | 4% | 4% | ||
| Net Change in Employment | Bearish change | 66.6K | 53.6K | ||
| Unemployment Rate | Bullish change | 6.9% | 6.5% | ||
| Ivey Purchasing Managers Index | Bearish change | 51.7 | 44.5 | ||
| Ivey Purchasing Managers Index s.a | Bearish change | 52.4 | 48.4 | ||
| S&P Global Manufacturing PMI | Bearish change | 49.6 | 48.4 |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Housing Market |
| Frequency: | Monthly |
| Australia | Building Permits (MoM) | ||
| New Zealand | Building Permits s.a. (MoM) | ||
| United States | Pending Home Sales (MoM) | ||
| United States | Existing Home Sales Change (MoM) | ||
| United States | New Home Sales Change (MoM) | ||
| United States | Housing Starts (MoM) | ||
| United States | Building Permits (MoM) |