Positive housing data sends the Canadian dollar higher
Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.
Immediately following the release, the Canadian dollar has strengthened against the majority of its major counterparts.
NZDCAD 0.8188 +0.27%, CADCHF 0.9141 +0.16%, AUDCAD 0.9598 +0.16%, USDCAD 1.0552 -0.12%, GBPCAD 1.5742 +0.06%, CADJPY 95.83 -0.05% and EURCAD 1.3561 -0.02%.
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