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Canadian Building Permits Drop

Canadian building permits in June fell 3.7% from May to $8.0 billion (CAD) and were down 5.7% from the year-ago period. Residential authorizations were down 3.1% to $4.89 billion in June, with single-family units up 1.3% to $2.29 billion and multi-family levels dropping 6.7% to $2.6 billion. See Statistics Canada

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