Construction Investment Declines in Canada

Canadian building construction investment in July decreased 2.6% from June to $17.5 billion (CAD). Residential construction spending dropped 4.1% to $11.5 billion in July. Seasonally adjusted single-family construction spending was 5.5% lower than June at $5.8 billion. Multi-unit levels fell 2.8% to $5.7 billion in July. Non-residential totals rose 0.5% to $5.9 billion. See Statistics Canada