Canada November building permits -3.9% vs -1.7% expected

Prior was +2.3%I'd like to highlight the 'constant dollars' there, or inflation-adjusted permits. It highlights a big problem for Canada, where the population is growing 3% per year but real construction has been steadily slowing for five years. That's a toxic mix. This article was written by Adam Button at www.forexlive.com.

Jan 9, 2024 - 19:55
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Canada November building permits -3.9% vs -1.7% expected
  • Prior was +2.3%

I'd like to highlight the 'constant dollars' there, or inflation-adjusted permits. It highlights a big problem for Canada, where the population is growing 3% per year but real construction has been steadily slowing for five years. That's a toxic mix.

This article was written by Adam Button at www.forexlive.com.
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