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Canadian building permits surged in March, +4.7% vs. an expected decline of 1.5%. A 13.9% rise...

Canadian building permits surged in March, +4.7% vs. an expected decline of 1.5%. A 13.9% rise in non-residential permits led the way, much of it to build government and medical facilities in Ontario. Single-family permits declined 1.7% and multi-family declined 0.7%. The news is good for moderate pop in the loonie. FXC +0.2%.
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