Building permits slide in October

The total value of building permits in Canada declined 1.4 percent in October to $10 billion, StatCan reports. Residential permits fell by 6.4 percent to $6.5 billion, more than offsetting gains from the non-residential sector. The single-family homes component was down 5.8 percent for the month as eight provinces posted a drop in construction intentions. Manitoba however saw a surge of 14.3 percent following two weaker months.