Canadian building permits fall in month
The value of Canadian building permits issued in November dropped 11.8 percent from the previous month, the government said Friday.
The decline to $4.8 billion in permits issues was 22.6 percent below the monthly average for 2008, Statistics Canada reported.
The value of non-residential permits issued fell 15.2 percent to $2.1 billion, led by declines in Quebec, Ontario and British Columbia, the report said.
Permit values in the three components making up non-residential construction — commercial, institutional and industrial — all declined for the second consecutive month.
Residential permits declined 9 percent to $2.7 billion, the lowest monthly level since January 2005.