FX.co ★ Canadian Building Permits Slide 17.3% in July, Reversing June Surge

Canada’s building permits slumped sharply in July 2026, falling 17.3% month-over-month, according to data updated on 16 September 2026. The drop marks a stark reversal from June 2026, when permits had jumped 18.5% compared with May, signalling a brief surge in planned construction activity.

The latest setback suggests that momentum in Canada’s construction pipeline has weakened notably after the strong June rebound. On a month-over-month basis, July’s negative reading indicates a significant cooling in new building intentions relative to the prior month, highlighting growing volatility in the sector over the early summer period. Market participants will be watching upcoming data closely to gauge whether July’s decline proves temporary or points to a more persistent slowdown in Canada’s construction outlook.