The value of Canadian building permits rose by a higher-than-expected 8.6 percent in March, as construction intentions in the residential and non-residential sectors increased, according to Statistics Canada data on Monday.
A surge in the institutional component boosted the value of permits in the non-residential sector by 19.0 percent. In the residential sector, building permits rose by 1.7 percent on higher multi-family dwelling construction intentions.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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