OTTAWA (Reuters) - The value of Canadian building permits increased 3.8 percent in September, the first rise in three months, on strength in the non-residential sector, Statistics Canada said on Wednesday.
Analysts in a Reuters poll had expected the value of permits to drop by 0.2 percent. Statscan revised August’s data to show a decline of 5.1 percent compared to an initial drop of 5.5 percent.
Permits in the non-residential sector jumped 13.9 percent, largely thanks to a permit for a hospital in the western province of Alberta.
Permits in the residential sector declined 1.7 percent from August, the third consecutive month-on-month retreat, on lower construction intentions for apartments in Ontario.
Reporting by David Ljunggren; Editing by Paul Simao