A survey published today by Statistics Canada showed that total non-residential investments are expected to grow 7.2% (or $19.8 billions) in 2012. As today’s Hot Chart shows, this means a new record, both for total non-residential investments and those of the private sector. More than 40% of the growth in 2012 will come from oil & gas extraction (+14.8% or $8.3 billions). Interestingly, public enterprises – mostly electric power generation, transmission & distribution and transportation & warehousing – are expected to grow a very robust 17.3%. This very strong showing helps offset the negative impact associated with the end of the federal Infrastructure Program on the rest of the public sector (investment by public administrations will only grow 1.1% in 2012). Elsewhere, we note the lacklustre showing from the private sector other than oil & gas extraction where investment intentions show a modest 4.7% rate of increase.
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Canada: Investment Intentions Remain Positive in 2012
Published 03/02/2012, 05:05 AM
Updated 05/14/2017, 06:45 AM
Canada: Investment Intentions Remain Positive in 2012
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