Canadian Construction Investment Dips in July

Canadian building construction investment dropped 1.7% from June to $20.9 billion (CAD) in July. Residential construction spending fell 2.2% to $14.6 billion. Seasonally adjusted single-family investment was 2.2% lower than June at $6.7 billion, and multi-unit levels decreased 2.2% to $7.9 billion in July. Non-residential totals were $6.3 billion, down 0.4% from June. See Statistics Canada