The typical/expected market impact of this event is low.
The consensus forecast for Building Permits (MoM) is -0.1%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The most recent announced value for Building Permits (MoM) was -0.1% against a forecast of 4%.
Recent economic data has been strongly bullish for CAD. Other recent announcements which may affect the market's interpretation of the next Building Permits (MoM) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Average Hourly Wages (YoY) | (no change) | 3.6% | 3.6% | ||
Net Change in Employment | Bullish change | -65.5K | 60.4K | ||
Unemployment Rate | (no change) | 7.1% | 7.1% | ||
Ivey Purchasing Managers Index | Bullish change | 50 | 61.6 | ||
Ivey Purchasing Managers Index s.a | Bullish change | 50.1 | 59.8 |
Country: | Canada |
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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) |