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Statistics Canada will release its building permit data for July at 8:30 am ET. Analysts expect that the number of new building projects authorized for construction dropped 4.9 percent in the month.
Ahead of the data, the Canadian dollar held steady against most of its major rivals. The loonie is presently quoted at 1.3301 against the euro, 1.0473 versus the US dollar and 80.14 against the yen.
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