
Canada books lower building permit valuations in November
The value of Canadian building permits decreased in November for the second consecutive month, Kallanish learns from a Statistics Canada press release.
November total building permit values slipped by 5.9% month-on-month but were up 5.1% year-on-year to CAD 11.8 billion ($8.2 billion).
The total value of non-residential sector permits increased by 11.1% y-o-y in November to CAD 4.5 billion. That sector was down by 3.2% m-o-m. The primary contributor to November's monthly decline was the sharp decline in total industrial permits.
Industrial building permit values were down 20.9% m-o-m in November and down 2.2% y-o-y to CAD 901 million.
Commercial sector building permits in November were up 1.3% m-o-m and up 18.6% y-o-y to CAD 2.07 billion. Institutional building permit valuations were up 4.1% y-o-y to CAD 1.6 billion.
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Anonymous
Very good overview of the weekly steel market.
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