Building Permits in Calgary Rise

Ally

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Economy - the value of building permits rose in June, marking back-to-back months of yearly gains, the city of calgary said Friday.

applications--a barometer of construction intentions --totalled $398 million, a 6.5 per cent increase from June 2008.

For the year, values are down nearly 30 per cent from 2008 levels to $1.7 billion and remain well below the five-year average.

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