Investment in construction, machinery to rise this year: StatsCan
OTTAWA - Statistics Canada says public and private organizations and the housing sector intend to invest $404.5 billion in construction and machinery and equipment in 2014, up 1.4 per cent from 2013.
The agency says the principal drivers for the increases are investments in investment in the transportation and warehousing, housing and public administration sectors.
However, these gains will be partially offset by anticipated declines in investments by organizations in the utilities, retail trade and health care and social assistance sectors.
Capital investment in the private sector, including housing, is expected to reach $315.2 billion in 2014, up 1.3 per cent from 2013.
Investment in non-residential construction, which represents more than 62 per cent of total investment excluding housing, is expected to decline 0.2 per cent to $185.4 billion.
Spending on capital machinery and equipment is anticipated to increase by 3.9 per cent to $112 billion.
Read more Business News
- 2 killed in avalanche near Lake LouiseCanada
- Missing jet may have turned backWorld - 7:40 am
- Castanet's Week in ReviewKelowna - 5:00 am
- Someone is a 'Maxmillionaire' in VernonVernon / N. Okanagan
|QHR Technologies Inc||1.18||+0.02|
|Anavex Life Sciences||0.42||-0.018|
|Copper Mountain Mining||2.20||-0.09|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.295||0.00|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...