Canada’s construction spending increased by 2.8pc in January to C$16bn ($12.6bn) compared to December 2020, according to Statistics Canada (StatCan).
The country’s investments in residential construction were up 3.9pc to C$11.6bn compared to the previous month. Canada’s single-unit residential construction investment rose by 4pc while multi-unit construction spending increased by 3.7pc in January compared to the previous month, StatCan reported.
Canada’s non-residential construction investment remained at C$4.4bn in January unchanged from the previous month. Under this segment, institutional construction spending rose by 0.6pc and commercial building construction inched up by 0.2pc in January compared to December 2020. The country’s investment in industrial construction declined by 0.4pc to C$804mn during the same period under review.