2:32 PM · 6 February 2024

BREAKING: CAD ticks lower after building permits data

USD/CAD
Forex
-
-

Canadian building permits data for December was released today at 1:30 pm GMT. Report was expected to show a 1.2% month-over-month increase in building permits, following a 3.9% MoM drop reported for November. Actual report showed a massive 14% MoM slump in building permits issued during the final month of 2023.

While the slump was massive and unexpected, building permits report is considered a second-tier report and rarely triggers big market moves. Canadian dollar weakened slightly with USDCAD ticking higher. Overall, the pair continues to trade near an important resistance zone ranging around the 1.3540 area.

Source: xStation5

 

21 October 2025, 6:56 AM

Morning wrap (21.10.2025)

20 October 2025, 7:01 PM

Daily summary: A green start to the new trading week 📈

20 October 2025, 7:02 AM

BREAKING: Producer Inflation in Germany lower than expected

20 October 2025, 6:52 AM

Macro Calendar: Quiet Start to an Eventful Week

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits