Construction spending slips in February

Investment in building construction declined 1.1 percent to $19.3 billion in February, StatCan reports. Spending in the residential sector dropped by 1.2 percent from January to $13.4 billion, led by a $153 million decline in Ontario. In the single-family detached segment, however, investment rose by 1.3 percent to $6.7 billion, with gains reported across the country with the exception of Yukon.