Construction spending dips in January

Investment in building construction declined 0.9 percent to $19.7 billion in January, StatCan reports. In the residential sector, spending fell by $194 million or 1.4 percent to $13.6 billion. The decline was led by a $228 million (4.1 percent) drop in Ontario, to $5.4 billion. It was partially offset by increases in five provinces, in particular a $53 million spike in Quebec, where spending reached $2.5 billion.