Canada Building permits for July 22.1% vs 7.1% estimate

• Prior month -13.9% revised to -13.0%
• Building permits 22.1% vs +7.1% estimate

Building permits can swing back and forth. It is hard to make judgments when the changes are double digit one way and the other. The good news is that there does need to be more housing in Canada (Adam harps on that). So the increase is welcomed.

This article was written by Greg Michalowski at www.forexlive.com.