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The Canadian Dollar was little changed against the Greenback, following the property market data on Wednesday. USD/CAD was trading slightly higher after the report, fluctuating in the 1.2550-1.2570 range.
The value of Canada's building permits increased more than anticipated in December, supported by intentions to build single-family houses in Ontario, which managed to cool the market of Toronto earlier in 2017, Statistics Canada revealed. Building permits rose seasonally-adjusted 4.8% in December, topping expectations for a 2% gain, while November's decline was revised slightly higher. The main contributor to the increase were residential permits, which grew 8% in the reported period, while non-residential permits fell 0.6%.
| Historical Data Table: Canada Building Permits m/m | Economic Calendar for 08.02.2018 | ||||||||
| Date | 10.10.2017 | 08.11.2017 | 07.12.2017 | 10.01.2018 | 07.08.2018 | 12:00 PM | BoE Interest Rate Decision | ||
| Actual | -5.5% | 3.8% | 3.5% | -7.7% | 4.8% | 12:00 PM | BoE Inflation Report | ||
| Forecast | -0.9% | 0.7% | 1.7% | -0.7% | 2.1% | 1:30 PM | Canada NHPI m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.98522 | 0.9845 | -0.07% | AUD/CAD | 69.34% | 30.66% | |||
| CAD/CHF | 0.75119 | 0.75119 | 0.00% | CAD/CHF | 73.44% | 26.56% | |||
| EUR/CAD | 1.54568 | 1.54551 | -0.01% | EUR/CAD | 29.82% | 70.18% | |||
| USD/CAD | 1.25251 | 1.25249 | 0.00% | USD/CAD | 67.14% | 32.86% | |||