February Canadian Construction Investment Hits Record

Canadian building construction investment in February was up 4% from January to a record high $20.0 billion (CAD). Residential construction spending grew 5% from January to $14.9 billion, and non-residential totals were 1.1% higher in February at $5.1 billion. Single-family spending increased 4.9% from January to $8.0 billion and multi-unit levels rose 5.1% to $6.9 billion in February. See Statistics Canada