Canada Building Permits m/m indicate a change in the number of permits issued by Canadian municipalities for new construction projects. The indicator is calculated as a change in the reported month compared to the previous one.
The indicator characterizes the activity of the national real estate market. Its growth may have a positive effect on CAD quotes.
The chart of the entire available history of the "Canada Building Permits m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.