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Investment in building construction up 60% in May

from HPAC Magazine

Investment in building construction up 60% in May HPAC Magazine Investment in building construction across Canada increased 60.1% to $13.4 billion in May, rebounding from large declines in April. COVID-19 construction restrictions in May, most notably in Ontario and Quebec, led to growth in all components of residential and non-residential investment. Despite rebounding strongly in May, investment levels remained 16.5% below the pre-shut down period of February 2020. READ MORE

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