Thursday, 05 July 2007

WRAPUP 1-Canadian construction, purchasing activity heat up

(Reuters) - The value of building permits issued in May soared 21.4
percent from April to a record C$6.8 billion ,
largely due to plans for office buildings in Western Canada,
Statistics Canada reported.




That was more than triple the 5.6 percent gain forecast by
analysts in a Reuters poll. Statscan revised the April decline
in building permits to 7.3 percent from 8.4 percent.


Read more at Reuters.com Economic News

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