Thursday, July 5, 2007

UPDATE 1-Canada May building permits soar to record high

(Reuters) - OTTAWA, July 5 - Canada's construction sector
appeared headed for a busy summer as the value of building
permits issued in May soared to a record high, largely due to
plans for office buildings in Western Canada.




Building permits jumped 21.4 percent in value in May from
April to C$6.8 billion , Statistics Canada said
on Thursday. That was more than triple the 5.6 percent gain
forecast by analysts in a Reuters poll.


Read more at Reuters.com Economic News

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