Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Canadian building permits rose 8.2% to a record high CAD9.9 billion in January led by housing projects, government figures showed Wednesday, gains the central bank says are badly needed to pull the economy out of the pandemic even if they come with signs of dangerous speculation.
Residential permits rose 11% to CAD 7.1 billion including a 15% jump in single-family homes. Demand for bigger residences in new and resale markets is surging as millions of Canadians are allowed to work from home to follow health rules around Covid-19.
The dollar value of single-family home permits has jumped 51% from a year ago, Statistics Canada figures show, while applications for more commercial space dropped 25%.
Source: Statistics Canada
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.