CND - Building permits for February
Building permits in February for Canada sank to their lowest level in a year.
- A slowdown in both residential and non-residential construction have caused that situation
This is negative for up coming month for the construction sector since building permits level is a leading indicator of the number of construction put in place.
This is really surprising since canadian economy look healthy, do it mean that US slowdown is starting to have an effect on Canada? I'd say YES
Posted by
Anonymous |
April 4, 2007 at 9:27 AM