Poor Reads Expected From Building Permits and PMI

Today?s absence of economic indicators has allowed US news and Canadian equity markets to move the Canadian dollar. Tomorrow?s release of Canadian building permits and Canadian PMI should recapture investors? attention. With expected declines in both indicators, the Loonie?s rally may be put on hold.

[B]Previous 24 hours:[/B]
There were no economic indicators scheduled for Canada over the last 24 hours.

[B]Next 24 Hours: [/B]
[B]Building Permits /B (JUN)
Expected: -9.8%
Previous: 21.4%
[B]Ivey Purchasing Managers Index[/B] (JUL)
Expected: 59.5
Previous: 67.4

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