The typical/expected market impact of this event is low.
The consensus forecast for Building Permits (MoM) is 1%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Building Permits (MoM) was -1.7%.
Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Building Permits (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Ivey Purchasing Managers Index | Bearish change | 59.7 | 54.1 | ||
| Ivey Purchasing Managers Index s.a | Bearish change | 56.2 | 55.1 | ||
| Average Hourly Wages (YoY) | Bearish change | 3.7% | 3% | ||
| Net Change in Employment | Bullish change | 18.2K | 75.1K | ||
| Unemployment Rate | Bullish change | 6.5% | 6.4% | ||
| S&P Global Manufacturing PMI | Bullish change | 53 | 53.5 | ||
| Gross Domestic Product (MoM) | Bearish change | 0.6% | 0.3% |
| 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) |