Weak business investment slows Carney's plan

Statistics Canada's survey shows planned investment growth in Canada slowed to 3.7% this year, with private-sector planned growth at 2.8%.

Statistics Canada's annual survey of investment intentions reports that planned investment growth in Canada has slowed for the third straight year. The survey shows planned overall investment growth of 3.7 per cent for this year and planned private-sector growth of 2.8 per cent. The public sector is reported to be increasing capital spending by 6.5 per cent and has driven larger outlays since 2023. The article notes the government is likely disappointed by these results. Key points: - Planned overall investment growth in Canada slowed to 3.7 per cent this year (not adjusted for price inflation). - Planned private-sector investment growth is 2.8 per cent while public-sector capital spending rose 6.5 per cent. - Since 2023, public-sector outlays are reported up 28.7 per cent versus 5.5 per cent growth in the private sector. Summary: The figures indicate public spending is currently carrying most of the planned investment increase, while private investment intentions remain modest. Undetermined at this time.