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2020 Capex Spending Seen -9.5% vs Prior View of +2.8%: StatsCan

CANADA
  • "Capital expenditures on non-residential construction and machinery and equipment are now expected to decrease 9.5% from 2019 to $242.6 billion in 2020," Statistics Canada said Tuesday
  • "This compares with previously-reported intentions for 2020 of $275.5 billion, an anticipated increase of 2.8% over the previous year"
  • "The $32.9 billion anticipated decrease from previously-published data for 2020 is expected to impact both capital construction (-10.1% to $160.7 billion) and in machinery and equipment (-15.4% to $82.0 billion)."
  • Oil & gas capex leads weakness, with expected decline of 31.7%
  • Accommodation/food service seen -39.2% to CAD2.3b, manufacturing -18.5% to CAD18.1b
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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