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Canadian building permits rose to C$5.0 billion in August, up 7.2% from July. The bulk of the increase in construction intentions was due to gains in Ontario, as striking municipal employees in Toronto returned to job sites.
Economists expected building permits to rise 5%, following a revised decrease of 10% the previous month.
Excluding Toronto, the total value of building permits rose by 0.8% in August.
In addition to Ontario, the value of building permits increased in British Columbia and Alberta.
In August, municipalities issued $2.9 billion worth of building permits in the residential sector, an 11.2% increase, and $2.1 billion in the non-residential sector, a 2.2% advance.
Excluding the municipality of Toronto, the total value of building permits was up 6.3% in the residential sector and down 6.2% in the non-residential sector.
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