Market Focus

On Wednesday, 07.02.2018, the economic calendar will not be marked by the publication of strong economic data. Among the statistics published today is worth highlighting the data on construction permits in Canada. Since the real estate sector is one of the key in almost any country, the rate of its growth will always speak about the welfare of the country.

According to the forecast, in December the building permit will grow by 12.4%, against the decline in the previous period at the level of -7.7%. In case of data release within the forecast, the Canadian dollar will receive support, against which expected its strengthening within 30-40 points.

Alexander Sivtsov