Canadian building permits rebound

OTTAWA, Dec. 6 (UPI) -- The value of Canadian building permits issued in October ended a three-month slide and rose 11.9 percent to $6.3 billion, Statistics Canada reported Tuesday.

"The value of non-residential permits rose 32.8 percent to $2.7 billion in October, following three consecutive monthly declines. Institutional buildings in Ontario and industrial buildings in Quebec, Alberta and Manitoba were behind the majority of the increase in the non-residential sector," StatsCan said. "In the residential sector, the value of permits edged down 0.1 percent to $3.6 billion in October."

Within the overall residential sector, municipalities approved the construction of 15,971 new dwellings, down 4.9 percent from September, the report said.