Building Permits in Canada fell more than expected in February. USD/CAD pair continues to edge higher above 1.40 handle after data. The value of Building Permits issued by Canadian municipalities declined by 7.3% on a monthly basis in February, the data published by Statistics Canada showed on Wednesday. This reading followed an increase of 3.3% (revised from 4%) in January and came in worse than the market expectation for a fall of 4.5%. “On a year-over-year basis, the value of building permits issued by Canadian municipalities fell 23.2% to $1.4 billion when compared with March 2019,” the press release further read. Market reaction The USD/CAD pair gained traction on this disappointing data and was last seen trading at 1.4033, up 0.3% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Price Analysis: ETH/USD small barrier at $170 in the way of greater upside FX Street 2 years Building Permits in Canada fell more than expected in February. USD/CAD pair continues to edge higher above 1.40 handle after data. The value of Building Permits issued by Canadian municipalities declined by 7.3% on a monthly basis in February, the data published by Statistics Canada showed on Wednesday. This reading followed an increase of 3.3% (revised from 4%) in January and came in worse than the market expectation for a fall of 4.5%. "On a year-over-year basis, the value of building permits issued by Canadian municipalities fell 23.2% to $1.4 billion when compared with March 2019," the press release further… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
