FX.co ★ Canada Building Permits Decline to 9.3% in February 2024

In Canada, the building permits indicator for the month of February 2024 has decreased to 9.3% from the previous month's level of 12.9% in January 2024. This data, which reflects the construction activity in the country, was updated on April 10, 2024. The comparison period is month-over-month, indicating that the current month's performance is being compared to the previous month. This decline in building permits could signal a slowdown in construction projects in Canada, impacting the overall economic growth. Investors and analysts will be closely monitoring future data releases to assess the trend in the construction sector and its potential implications on the Canadian economy.