Canada's 2013 Capital Spend Slows to Pre-Recession Rate

摘要

Canada's capital investment in 2013 will slow to its lowest rate of growth since before the recession, with little to no growth seen in the oil-and-gas, mining and other industry sectors. But there is better spending news from public agencies and certain provinces, says a national government survey released on Feb. 27. Anticipated investment in construction, machinery and equipment will reach $387.5 billion this year, up just 1.7% in current dollars, says the survey by Statistics Canada, the Ottawa-based federal agency that tracks the country's economic growth and other indicators. "This would be the smallest increase since the economic downturn in 2009," says the survey. The 2013 growth compares to a 7.4% spending hike last year and a 5.2% hike in 2011.