Residential construction spending slides in August

Investment in building construction edged up 0.2 percent to $21.0 billion in August, StatCan reports, following a 1.6 percent decrease in July. The residential sector edged down by 0.1 percent to $14.6 billion, while the non-residential sector was up 1.0 percent to $6.4 billion. Single-family home investment rose by 0.1 percent, or $9.0 million, to $6.7 billion, following a decline of 2.2 percent in July.