07:40 AM EST, 11/12/2024 (MT Newswires) -- Canada will release building permits for September at 8:30 a.m. ET Tuesday, noted Bank of Montreal (BMO).

Canadian building permits look to dip 1% month over month in September after falling 7% in the prior month, said the bank. Residential permits have picked up somewhat in the past year. While privately owned condo activity has shriveled, the purpose-built rental supply continues to run strong.

The Canadian dollar (CAD or loonie) is a touch weaker at $1.396/USD (71.7 US cents), added BMO.