Construction spending dips in November

Investment in building construction edged down by 0.5 percent or $96.6 million to $21.4 billion in November, StatCan reports. This follows a 1.1 percent decrease in October. Year over year, spending grew 2.7 percent in November. Activity in the residential sector declined by 1.1 percent, but investment in the construction of single-family dwellings was up 2.9 percent to $7.3 billion.