Construction spending lags in May

Investment in building construction edged down 0.2 percent to $20.6-billion in May, StatCan reports. That however was largely due to a strike action by Ontario’s unionized construction workers. Excluding Ontario, construction spending rose by 1.1 percent nationally. Likewise, the residential sector edged up by 0.1 percent. Single-family investment slid 2.5 percent, ending a seven-month growth streak.