Monday, October 20th13.6°C
23836
22952

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

20759


Recent Trending




Today's Market
S&P TSX14337.77+110.09
S&P CDNX811.351.22
DJIA16399.6719.26
Nasdaq4316.075+57.637
S&P 5001904.01+17.25
CDN Dollar0.88580.00
Gold1247.20+2.50
Oil81.27-0.35
Lumber330.70-0.20
Natural Gas3.665-0.101

 
Okanagan Companies
Pacific Safety0.10-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.12+0.01
Cantex0.055-0.025
Anavex Life Sciences0.191+0.001
Metalex Ventures0.050.00
Russel Metals32.28-0.07
Copper Mountain Mining1.99+0.05
Colorado Resources0.15+0.005
ReliaBrand Inc0.0111-0.0019
Sunrise Resources Ltd0.060.00
Mission Ready Services0.450.00

 



23021

FEATURED Property
21098354572 Gallaghers Edgewood Court
2 bedrooms 2 baths
$659,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_





23545


Member of BC Press Council


22962