Loonie at 3-week low after building permit data

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
The Canadian Dollar was at its lowest level in three weeks versus 15 out of 16 main trading peers as building permits decreased in June. The Canada's currency begun weakening on declining prices of oil, the nation's main export. The Loonie fell 0.6% to C$1.0435 per greenback as of 8:37 a.m. Toronto time, after reaching C$1.0437, the lowest level since July 18.
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Wed, 07 Aug 2013 14:20:08 GMT

Canada's building permits declined in June

Construction activity dropped in Canada in June amid fewer projects to build residential houses and commercial and industrial constructions. The value of approved construction permits fell 10.3% to $6.6 billion in June, while the value had a 5.8% gain in May. Analysts predicted the figure to decrease by 2.8%. Residential sector permit value lost 12.9%, while non-residential declined 6.1%.

Wed, 07 Aug 2013 12:21:14 GMT

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