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Building permits fall in May

<br><br>The number of building permits issued by Canadian municipalities fell by 10.8 per cent in May to $6-billion, after two straight months of gains. Analysts had expected a 2-per-cent drop, but Statistics Canada said sharp declines in both residential and non-residential building pulled the numbers lower. <br><br>

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The number of building permits issued by Canadian municipalities fell by 10.8 per cent in May to $6-billion, after two straight months of gains. Analysts had expected a 2-per-cent drop, but Statistics Canada said sharp declines in both residential and non-residential building pulled the numbers lower.