The typical/expected market impact of this event is low.
The consensus forecast for Building Permits (MoM) is -5.8%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Building Permits (MoM) was 18.5% against a forecast of 1%.
Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Building Permits (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| BoC Consumer Price Index Core (MoM) | Bearish change | 0.2% | 0.1% | ||
| BoC Consumer Price Index Core (YoY) | Bullish change | 2.3% | 2.4% | ||
| Consumer Price Index (MoM) | Bearish change | 0.5% | -0.1% | ||
| Consumer Price Index (YoY) | (no change) | 3% | 3% | ||
| Ivey Purchasing Managers Index | Bullish change | 54.1 | 62.7 | ||
| Ivey Purchasing Managers Index s.a | Bullish change | 55.1 | 64.3 | ||
| Average Hourly Wages (YoY) | Bearish change | 3% | 2% | ||
| Net Change in Employment | Bearish change | 75.1K | -41.7K | ||
| Unemployment Rate | (no change) | 6.4% | 6.4% | ||
| BoC Interest Rate Decision | (no change) | 2.25% | 2.25% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Housing Market |
| Frequency: | Monthly |
| Australia | Building Permits (MoM) | ||
| New Zealand | Building Permits s.a. (MoM) | ||
| United States | Pending Home Sales (MoM) | ||
| United States | Existing Home Sales Change (MoM) | ||
| United States | New Home Sales Change (MoM) | ||
| United States | Housing Starts (MoM) | ||
| United States | Building Permits (MoM) |