MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Jan Building Permits Rebound On Residential and Non-Residential

CANADA DATA
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Total building permits +13.5% to +CAD10.8b after Dec -11.5% MOM, which was the lowest monthly level since Oct 2020.
  • Jan residential building permits +12.6% to +CAD6.5b; +5.6% YOY. Multi-unit led the increase with +35.1% MOM.
  • CMHC previously said an additional 3.5 million houses need to be built by 2030 to achieve housing affordability.
  • Non-residential +14.8% MOM to +CAD4.2b; +3.4% YOY.
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  • Total building permits +13.5% to +CAD10.8b after Dec -11.5% MOM, which was the lowest monthly level since Oct 2020.
  • Jan residential building permits +12.6% to +CAD6.5b; +5.6% YOY. Multi-unit led the increase with +35.1% MOM.
  • CMHC previously said an additional 3.5 million houses need to be built by 2030 to achieve housing affordability.
  • Non-residential +14.8% MOM to +CAD4.2b; +3.4% YOY.