The construction sector in Canada looks to be bouncing back after new figures showed total investment in building construction rose 5.9 percent to CA$18.6bn (£10.9bn) month over month, reports The Construction Index.
Monthly figures from Statistics Canada showed the increase was led by a surge in investment in the residential sector. In fact, investment in house-building rose for the 11th month in a row, up 7.6 percent to CA$14.0bn.
Non-residential investment rose slightly, at 1.1 percent to CA$4.6bn. Despite this small improvement, commercial and industrial investment sits below the level they were at before the Covid-19 pandemic.
Institutional projects, such as schools, jumped 2.2 percent to CA$1.2bn, while spending on commercial buildings rose 0.8 percent to CA$2.6bn.
Highways Today focuses on how technology allows rental to be more efficient.
Learn moreLendlease’s plans for European construction sites feature in The Construction Index.
Learn moreIoT Business News reports on active off-highway vehicle telematics systems.
Learn moreOEM Off-Highway reports on advanced technologies used in heavy equipment.
Learn moreThe popularity of backhoe loaders continues writes ConExpo-Con/Agg 365 News.
Learn moreOEM Off-Highway runs a report from FederUnacoma on the Italian Ag equipment recovery.
Learn moreThe Construction Index features hire chain Speedy’s investment in fuel management.
Learn moreMany heavy equipment industries improved in quarter four 2020 reports OEM Off-Highway.
Learn more