Posted on 01/20/2014, 1:59 pm, by mySteinbach
According to Statistics Canada, investment in non-residential building construction reached $12.9 billion in the fourth quarter, up 1.1% from the previous quarter. It was the second consecutive quarterly increase and was led by higher spending on commercial building construction.
Overall, total investment rose in six provinces in the fourth quarter, with the largest gains occurring in Alberta and Quebec. The increase in Alberta was spread across the commercial, industrial and institutional components, while in Quebec, the gain was in the institutional and commercial components.
In Ontario, the rise in the commercial component was not enough to offset declines in the institutional and industrial components.
