Building Permits in Canada increased 3.4% on a monthly basis in August. This reading followed the 3.8% decline (revised from 1.5%) recorded in July and came in better than the market expectation for a decrease of 0.8%.
What is the Canada Building Permits (MoM)?
The Building Permits released by the Statistics Canada shows the number of permits for new construction projects. It implies the movement of corporate investments (the Canadian economic development). It tends to cause some volatility to the CAD. The more growing number of permits, the more positive (or bullish) for the CAD.
When is the next Canada Building Permits (MoM) report released?
The next Canada Building Permits (MoM) data will be published on November 2 at 12:30 GMT
Canadian Dollar price today
The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.02% | -0.10% | 0.13% | 0.24% | 0.23% | 0.41% | -0.24% | |
| EUR | 0.04% | -0.06% | 0.16% | 0.25% | 0.26% | 0.44% | -0.22% | |
| GBP | 0.14% | 0.16% | 0.22% | 0.36% | 0.33% | 0.52% | -0.09% | |
| CAD | -0.13% | -0.11% | -0.21% | 0.11% | 0.08% | 0.29% | -0.37% | |
| AUD | -0.24% | -0.21% | -0.33% | -0.11% | -0.04% | 0.16% | -0.46% | |
| JPY | -0.20% | -0.21% | -0.33% | -0.09% | 0.05% | 0.22% | -0.42% | |
| NZD | -0.41% | -0.40% | -0.53% | -0.29% | -0.14% | -0.19% | -0.62% | |
| CHF | 0.24% | 0.21% | 0.09% | 0.32% | 0.46% | 0.42% | 0.60% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Source: https://www.fxstreet.com/news/canada-building-permits-mom-climb-34-in-august-202310111244