Monday, May 7, 2007

UPDATE 1-Canada March building permits see record jump

(Reuters) - The monthly jump in building intentions was the biggest ever, and well ahead of the average forecast of a 6.7 percent gain by analysts in a Reuters poll. The gain followed a 23.3-percent plunge in the value of permits in February, according to Statscan's revised figures.

Building intentions surged 25.6 percent in the residential sector and 30.2 percent in the non-residential sector in March.


Read more at Reuters.com Economic News

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