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Building permit values fall in January

CBC.ca – Mar 8, 2012

Canadian building permits fell over 12.3 per cent in January, down from a 10.5 per cent gain the month before Canadian building permits fell over 12.3 per cent in January, down from a 10.5 per cent gain the month before (Baz Ratner/Reuters)

The value of building permits is considered a leading indicator and shows builder intentions over the near term. Lower building permits could signal pessimism from builders, although the reading is traditionally volatile.

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