Canadian Building Permits MoM (Dec) M/M 6.8% vs. Exp. 5% (Prev. -13.2%, Rev. From -13.1%)

Canadian Building Permits MoM (Dec) M/M 6.8% vs. Exp. 5% (Prev. -13.2%, Rev. From -13.1%)

The December Canadian Building Permits data came in stronger than expected, with a month-over-month increase of 6.8% compared to the 5% expectation, indicating a rebound from a decline of 13.2% the previous month. This improvement suggests a potential revival in the construction sector, which could be supportive for economic growth outlook and may influence policy considerations moving forward.