- Joined
- Mar 24, 2009
- Messages
- 16,743
Canada's building permits leap higher
OTTAWA ` The value of building permits jumped more than expected in February, as a strong non-residential sector offset a big drop in residential activity, Statistics Canada said Thursday.
Permits rose 9.9% during the month to $5.8-billion, the federal agency said, following a 6.9% drop the month before, which was revised from the previous estimate of 5.1%.
Economists had expected building permits to rise between one per cent and 1.4% in February.
Read the full article here.
OTTAWA ` The value of building permits jumped more than expected in February, as a strong non-residential sector offset a big drop in residential activity, Statistics Canada said Thursday.
Permits rose 9.9% during the month to $5.8-billion, the federal agency said, following a 6.9% drop the month before, which was revised from the previous estimate of 5.1%.
Economists had expected building permits to rise between one per cent and 1.4% in February.
Read the full article here.