Canada: Construction permits fell in November

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    In Canada, contractors took out $6.8 billion worth of building permits in November, down 6.7% from October, Statistics Canada said on Jan. 9.

    The decline followed an 8.0% gain in October.

    Lower construction intentions, particularly for the residential sector in Quebec and Ontario, were behind the decline in November, the agency said.

    The total value of permits in the residential sector declined 7.6% to $4.1 billion in November. Lower residential construction intentions were registered in nine provinces, led by Quebec, Ontario and Alberta.

    Construction intentions in the non-residential sector fell 5.2% to $2.7 billion in November, following a 9.7% increase in October.

    Gains were recorded in four provinces, led by Ontario and Alberta.

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