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6 Feb 2019

Canada: Building permits increase 6% in December following November's 2.1% growth

"Canadian municipalities issued $8.8 billion worth of building permits in December, up 6.0% from November and the fourth consecutive monthly increase," Statistics Canada reported on Wednesday.

Key takeaways from the press release

  • The gain was largely due to higher construction intentions for multi-family dwellings and commercial buildings, with both components hitting record highs.
  • The value of residential building permits was up 4.2% in December to $5.3 billion. 
  • The value of building permits issued for non-residential structures rose 8.9% in December to $3.5 billion.
Feb 6, 2019

EUR/USD Technical Analysis: Slow bearish grind below 1.1400 figure in the New York session

EUR/USD daily chart EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA).  EUR/USD 4-hour chart EUR/USD is tradi
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Feb 6, 2019

NZD/USD rebounds modestly from weekly lows, stays calm above 0.6850

The NZD/USD pair came under strong selling pressure during the Asian trading hours and slumped to its lowest level in a week at 0.6844 before correcti
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