Tuesday, September 2nd20.0°C
22817
22916

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.

The Canadian Press


Read more Business News

22253


Recent Trending




Today's Market
S&P TSX15619.08-6.65
S&P CDNX1010.88-13.11
DJIA17067.56-30.89
Nasdaq4598.188+17.917
S&P 5002002.28-1.09
CDN Dollar0.9151+0.0002
Gold1266.80+1.80
Oil93.12+0.24
Lumber350.40+0.70
Natural Gas3.938-0.171

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.18-0.01
Cantex0.08+0.01
Anavex Life Sciences0.24-0.01
Metalex Ventures0.07-0.005
Russel Metals36.42-0.06
Copper Mountain Mining2.90-0.03
Colorado Resources0.165-0.015
ReliaBrand Inc0.100.00
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.225-0.02

 



22364

FEATURED Property
15330022385 Rolling Hills RD
$939,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...

_








Member of BC Press Council