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Canadian authorities issued 6% more construction permits to the value of $8.8 billion in December. The November figure was revised downwards - from 2.6% to 2.1%. Developers have planned more projects for the construction of apartment buildings and commercial buildings. The number of permits grew for the fourth month in a row, and in multi-apartment buildings - by 11.1%. The amount of permits was $3.3 billion. The number of single-family permits fell by 5.4% to $2 billion. The same indicator for the construction of non-residential buildings increased by 8.9% to $3.5 billion. Permits for industrial construction reached $588 million, which is 11.9% more than last month. The growth rate is due to the expansion of construction of buildings for maintenance. At the end of 2018, the total number of permits increased by 4.7% and reached $99.7 billion. The number of permits has been growing for the fifth consecutive year.
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
Clothing manufacturer Canada Goose Holdings Inc. (GOOS) announced on Wednesday that it would permanently terminate about 2.5% of its global workforce to address the impact of the virus outbreak leaving 125 people unemployed. The Toronto apparel ...
Canada’s Prime Minister Justin Trudeau announced on Saturday that he was committed to looking at possible ways to help airlines that were severely affected by the pandemic. Yet the Canadian prime minister laid out no new measures and ...
Canada formally welcomed a deal finalized by OPEC on Sunday. Canada and other oil producing nations will cut production by nearly 10 Million barrels per day for the month of May to June. “This is good. We welcome any news that brings ...
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