Bulding permits in Canada increased less than expected

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Source: Forexpros

On Friday, Statistics Canada reported that the amount of building permits in August grew to -2.3% on a seasonally adjusted basis from the figure of -2.5% in July. The growth is more modest than expected, since economists expected that the amount of building permits in Canada would increase to -2.0% last month.

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Fri, 07 Sep 2012 16:21:35 GMT

Canadian labor productivity declined more than expected

Statistics Canada reported on Friday that labor productivity in Canadian businesses fell by 0.4% in the second quarter, compared to no change during the three previous months. The real GDP of businesses increased by only 0.5%, while the amount of hours worked grew by 0.9%. The fall in labor productivity was steeper than expected, since analysts predicted that it would remain unchanged.

Fri, 07 Sep 2012 17:15:46 GMT

Oil futures soared after U.S. economic data

Oil futures edged higher after unemployment rate in the world's biggest economy fell by 0.2% and Eurozone's policy makers agreed on launching massive bond buying program. Light sweet crude futures for delivery in October traded at $96.16 per barrel, adding 0.67%.

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