Canada’s total value of building permits rebounded $2.3 billion to $14.9 billion in June. That’s an 18.5% monthly increase that more than erased the combined declines recorded in April and May, according to Statistics Canada. The reversal was driven overwhelmingly by the non-residential sector, which climbed $1.8 billion to $6.8 billion, while the residential sector contributed a more modest $479.7 million gain to reach $8.1 billion.
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