2021 ICI Investment Surpasses 2020 Levels While Construction Employment Falls to Seven-Month (from OCS)

Statistics Canada released new ICI investment and labour force data in the past week, providing clarity on the impact of government restrictions on the ICI sector. Highlights of the bulletin include:

• ICI investment in Ontario in April surpasses $2 billion in a month for only the second time
• Investment in Ottawa continues to drive increases in Ontario’s ICI sector
• IO puts Hamilton LRT project on its list of Projects in Planning
• Construction employment falls to seven-month low in May after government restrictions took hold
• Ontario’s unemployment rate rises for second consecutive month

The full Economic Bulletin can be found here.