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The Loonie strengthened against the Greenback, following the release of the canadian building permits report. The USD/CAD currency pair lost nine base points, or 0.07%, reaching the 1,2909 level, to continue fluctuating in the 1.2915 area.
Statistics Canada on Thursday revealed better-then-expected results of monthly canadian building Ppermits for January. The number of housing permits rose by 5.6%, compared to downwardly-revised 2.5% in the prior month. The data surpassed the forecast; in fact, it was the biggest growth in the eight-month period since the 12.9% jump in May 2017. One of the main reasons for this growth was the fact that permits for multi-family housing surged 71% in Toronto, Canada's largest city.
| Historical Data Table: Canadian Building Permits m/m | Economic Calendar for 09.03.2018 | ||||||||
| Date | 08.11.2017 | 07.12.2017 | 10.01.2018 | 07.02.2018 | 08.03.2018 | 9:30 AM | UK Manufact. Production m/m | ||
| Actual | 4.90% | 4.40% | -7.30% | 2.50% | 5.60% | 1:30 PM | CAD Unemployment Rate | ||
| Forecast | 0.70% | 1.70% | -0.70% | 2.10% | -0.30% | 1:30 PM | USD Unemployment Rate | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 1.00818 | 1.008 | -0.02% | AUD/CAD | 48.35% | 51.65% | |||
| CAD/CHF | 0.73129 | 0.73106 | -0.03% | CAD/CHF | 74.30% | 25.70% | |||
| EUR/CAD | 1.60535 | 1.60585 | 0.03% | EUR/CAD | 25.05% | 74.95% | |||
| USD/CAD | 1.29184 | 1.29093 | -0.07% | USD/CAD | 34.75% | 65.25% | |||