“Time to build”?: Construction investment plunges by nearly $500M

Despite campaign promises by Prime Minister Mark Carney that it was “time to build” in Canada, new data suggests that construction is on the decline.

Source: Facebook

Despite campaign promises by Prime Minister Mark Carney that it was “time to build” in Canada, new data suggests that construction is on the decline. Investment in building construction fell by nearly half a billion in May, according to Statistics Canada.

Canada’s total investment in building construction took an abysmal nosedive, dropping by $491.4 million in May.