Canada building permits rose 7.4% mom in December to CAD 8.7B, above expectation of 3.5% mom. Increases were reported in five provinces, led by Ontario (10.5% to CAD 3.4B) and Quebec (15.8% to CAD 2.2B)
The standalone monthly SAAR of housing starts for all areas in Canada was 213,224 units in January, an increase of 8.8% from 195,892 units in December.
