The typical/expected market impact of this event is low.
There is no forecast value for Building Permits (MoM) yet - check back for updates.
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 10.3% against a forecast of 4%.
Recent economic data has been moderately bullish 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% | ||
| Ivey Purchasing Managers Index | Bearish change | 61.5 | 61.3 | ||
| Ivey Purchasing Managers Index s.a | Bullish change | 57.7 | 58.2 | ||
| Average Hourly Wages (YoY) | Bearish change | 4.8% | 3.2% | ||
| Net Change in Employment | Bullish change | -17.7K | 87.8K | ||
| Unemployment Rate | Bullish change | 6.9% | 6.6% | ||
| S&P Global Manufacturing PMI | Bearish change | 53.3 | 52.9 | ||
| Gross Domestic Product (MoM) | Bearish change | 0.2% | -0.1% | ||
| Gross Domestic Product (QoQ) | Bullish change | -0.2% | 0% | ||
| Gross Domestic Product Annualized | Bullish change | -1% | -0.1% | ||
| Current Account | Bearish change | -1.01B | -7.2B |
| 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) |