Canada’s building permits dropped by 5.1%. This is a significant disappointment, as expectations stood on a rise of 1.3%. The fall was only very marginally cushioned by a revised rise of 2.6% last month, slightly higher than a rise of 2.4% that was initially reported. The building permits figure is very volatile in Canada. Nevertheless, it serves as an important gauge of the economy. So, this fall prevented USD/CAD from falling below the 0.97 line – a very stubborn support line. For more Canadian events a technical analysis for USD/CAD, see the Canadian dollar forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex Bits share Read Next AUD/USD Mar.08-Aussie Continues Down against US Dollar Tamar Schoppik 12 years Canada's building permits dropped by 5.1%. This is a significant disappointment, as expectations stood on a rise of 1.3%. The fall was only very marginally cushioned by a revised rise of 2.6% last month, slightly higher than a rise of 2.4% that was initially reported. The building permits figure is very volatile in Canada. Nevertheless, it serves as an important gauge of the economy. So, this fall prevented USD/CAD from falling below the 0.97 line - a very stubborn support line. For more Canadian events a technical analysis for USD/CAD, see the Canadian dollar forecast. Regulated 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.
