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Building permits, July 2017

Published on by Communication service

Building permits, July 2017 -

Building permits, July 2017

Canadian municipalities issued $7.9 billion worth of building permits in July, down 3.5% from June and the first decrease since March 2017. Lower construction intentions for commercial buildings and multi-family dwellings were mainly responsible for the national decline. Seven provinces posted decreases, with the largest decline in Ontario.

Bank of Canada maintains overnight rate target at 1/2 per cent

Published on by Communication service

Bank of Canada maintains overnight rate target at 1/2 per cent -

Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

CPI inflation rose to 2.1 per cent in January, reflecting higher energy prices due in part to carbon pricing measures introduced in two provinces.

Canadian home sales decline further in June

Published on by Communication service

Canadian home sales decline further in June -

Canadian home sales decline further in June

  • National home sales fell 0.9% from May to June.
  • Actual (not seasonally adjusted) activity came in 5.2% above June 2015.
  • The number of newly listed homes rose 2.2% from May to June.
  • The MLS® Home Price Index (HPI) rose 13.6% year-over-year in June.
  • The national average sale price climbed 11.2% in June from one year ago; net of Greater Toronto and Greater Vancouver, it advanced 8.4% year-over-year.

Bank of Canada maintains overnight rate target at 1/2 per cent

Published on by Communication service

Bank of Canada maintains overnight rate target at 1/2 per cent -

Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

The global economy is evolving largely as the Bank projected in its April Monetary Policy Report (MPR). In the United States, despite weakness in the first quarter, a number of indicators, including employment, point to a return to solid growth in 2016.

Building permits, September 2015

Published on by Communication service

Building permits, September 2015 -

Building permits, September 2015

Municipalities issued $7.1 billion worth of building permits in September, down 6.7% from the previous month. This was the second consecutive monthly decline. Lower construction intentions for residential buildings and commercial structures in Ontario largely explained the decline.