12°c Overcast
17°c Cloudy with showers
Winnipeg Free Press - ONLINE EDITION
Manitoba likely to lead in capital spending increases this year: survey
Manitoba is expected to be one of the country’s leaders in capital spending increases this year, according to the results of a new Statistics Canada survey.
The agency said today that private and public sector spending on construction projects and machinery and equipment is expected to climb by 8.5 per cent to a projected $13.4 billion from a preliminary total of $12.2 billion in 2012.
That’s more than four times the projected national average increase of 1.7 per cent, and second only to Newfoundland and Labrador’s projected 9.7 per cent gain.
However, it would be down slightly from 2012’s preliminary increase of 9.7 per cent.
The bulk of this year’s increase will be on the construction side, where spending is expected to jump by 10 per cent to $9.8 billion from $8.9 billion in 2012. Expenditures on machinery and equipment is expected to grow by a more modest 4.3 per cent to $3.6 billion from $3.4 billion.
Statistics Canada said Canada’s projected 1.7 per cent increase, which is based on forecasts of public and private organizations, including the housing sector, would be the smallest since the economic downturn in 2009.
It says the main contributor to the slowdown is an anticipated decline in investment reported by the mining and oil and gas extraction sector, although strong increases are expected in the utilities sector and in transportation and warehousing.
Of total investment, capital spending by the public sector is anticipated to rise five per cent to $88 billion, while private sector investment is expected to edge up 0.8 per cent to $310.2 billion.
— with files by Canadian Press
murray.mcneill@freepress.mb.ca
More Latest News
- Back to Top
- Return to Latest News
More Latest News
(1 of 50 articles for this week)
Charleswood deaths being investigated as domestic incident
05/17/2013 5:04 PM
0
Poll
Most Popular Latest News
- Aboriginal leader Elijah Harper dies
- Horrific crash kills minivan driver near Brandon
- Woman killed in head-on crash in southwestern Manitoba
- Charleswood deaths being investigated as domestic incident
- Crushing blow for amateur sport
- US woman credits 'mother's instincts' in chase of 4-year-old daughter's abductor
- German authorities probing Japanese chef's death after dispute over meal
- Quake near Ottawa rattles residents across wide swath of Ontario, Quebec
- Winnipeg Jets among most expensive pro teams to watch
- Calgary man charged with murder of woman and her five-year-old son
- Seattle man dribbling soccer ball to Brazil killed by car on Oregon Coast
- News of city's $17-million winner leaks out on FB
- Aboriginal leader Elijah Harper dies
- Woman killed in head-on crash in southwestern Manitoba
- Hundreds pitch in to dig out houses damaged, destroyed by Ochre Beach ice floe
- Horrific crash kills minivan driver near Brandon
- Charleswood deaths being investigated as domestic incident
- Crushing blow for amateur sport
- Flood victim gets six years for shotgun threat, attack
- Province removing red tape in alcohol sales
- Seattle man dribbling soccer ball to Brazil killed by car on Oregon Coast
- Driver crashes into tree near golf course
- VIDEO: Left on the ice to rot
- Arrests made after raids on local head shops
- News of city's $17-million winner leaks out on FB
- Passengers from diverted flight to leave Winnipeg Thursday night
- No threat from bag found at Winnipeg Square
- Aboriginal leader Elijah Harper dies
- Susan Griffiths dies in Switzerland
- Woman killed in head-on crash in southwestern Manitoba
- Aboriginal leader Elijah Harper dies
- Horrific crash kills minivan driver near Brandon
- Animals are animals, new ads say
- Crushing blow for amateur sport
- US zoo looking into conception mystery after birth of anteater; no male in pen
- Ad campaign urges Winnipeg to lobby councillors to approve golf plan
- How 23-year-old Candice Glover of South Carolina won the 12th season of 'American Idol'
- Woman killed in head-on crash in southwestern Manitoba
- Winnipeg Jets among most expensive pro teams to watch
- They'll be fiddling around
- Aboriginal leader Elijah Harper dies
- An uncommon phenomenon
- Hundreds pitch in to dig out houses damaged, destroyed by Ochre Beach ice floe
- U.S. bill would give Canadian snowbirds more time to spend in the sun
- Guitar-playing astronaut bows out of space station with music video of Bowie's 'Space Oddity'
- Microsoft update to address Windows 8 complaints, confusion will be free; to be called 8.1
- Horrific crash kills minivan driver near Brandon
- Uganda: Blessed are the children
- Winning 6/49 ticket purchased in Winnipeg
- New website profiles neighbourhoods of Winnipeg
- Aboriginal leader Elijah Harper dies
- Dogs can experience separation anxiety and depression just like humans
- VIDEO: Left on the ice to rot
- Paul McCartney to play Winnipeg Aug. 12
- Ontario steps in to help save ELA
- Saskatchewan professor wants to test the health benefits of nose-picking
- 'Revenge of the redheads': Ginger-haired Montrealers gather in celebration
- An uncommon phenomenon
- RCMP charge man with double-homicide in Ethelbert
- Passengers from diverted flight to leave Winnipeg Thursday night
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.