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          Construction Industry In                           in British Columbia (+$8.9 million) and Alberta (+$8.5 million)

          Some Countries Embracing                           were tempered by a decline in Ontario (-$8.5 million).
                                                                Meanwhile, investment in the industrial component was
          Favourable Conditions                              slightly down $1.3 million  to $1.3 billion  in  October 2025,

                                                             continuing the component’s downward trend since the record
          Non-residential building investment increases slightly in   high posted in January 2025. The decline in October 2025 was

          Canada                                             led by Alberta (-$5.6 million), Ontario (-$5.3 million) and British
          The value of non-residential investment in building construction   Columbia (-$2.4 million). The decrease was partially offset by
          was up slightly by $15.5 million to reach $6.8 billion in   growth in Manitoba (+$7.4 million) and Quebec (+$5.1 million).
          October 2025.
            Investment in the commercial and institutional components   Swiss construction activity to see slight increase in
          each edged up 0.3 percent, while the industrial component was   2025
          down slightly (-0.1 percent), according to Statistics Canada.  According to lignum.ch, the Swiss construction industry is
            Investment in the commercial component grew $10.0 million   showing a mixed picture towards the end of 2025: while
          to $3.4 billion in October 2025. This growth was driven by   residential construction continues to grow thanks to lower

          British Columbia (+$9.1 million).                  interest rates and high demand, commercial construction is
            Investment in the institutional component recorded a modest   stagnating.
          increase of $6.8 million to $2.1 billion in October 2025. Gains   Despite economic uncertainties, builders expect construction

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