UPDATE 1-Value of Canada building permits drops 3.7 percent in August

October 7, 2015 12:41 PM

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OTTAWA Oct 7 (Reuters) - The value of Canadian building permits issued in August unexpectedly fell by 3.7 percent from July on a decline in construction intentions in several provinces, Statistics Canada data indicated on Wednesday.

Market analysts had expected the value of permits to increase by 0.8 percent. Statscan revised July's data to show a 0.7 percent increase from June after initially reporting a 0.6 percent decline.

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