Investment in non-residential building construction amounted to $12.0 billion in the fourth quarter, up 1.0% from the previous quarter, reports Statistics Canada. This was the third consecutive quarterly increase, led by higher spending for commercial and industrial buildings.
The largest increases occurred in Quebec and British Columbia. The gain in Quebec was spread among the institutional, industrial and commercial components, while in British Columbia the increase was in the commercial and industrial components.
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The largest declines in total investment were in Ontario and Alberta. In Ontario, institutional investment was down, while in Alberta the decrease occurred in both the commercial and industrial components. Read more.