Take stock – January 11

Spending on tourism in Canada rose 1.5 per cent in the third quarter, its fifth straight quarterly increase.

Tourism spending rose for fifth straight quarter in Q3

OTTAWA — Spending on tourism in Canada rose 1.5 per cent in the third quarter, its fifth straight quarterly increase.

Statistics Canada reports Canadians’ spending on tourism in Canada continued to trend upward, while spending by international visitors rose after dropping in the second quarter.

The agency says tourism spending has fully recovered from the year-long downturn that began in the third quarter of 2008. It stood 2.6 per cent higher in the third quarter than it was before the decline began.

Canadians’ spending on tourism in Canada increased for the fifth straight quarter, advancing 1.6 per cent from the second quarter.


Builders took out fewer permits in November

OTTAWA — Contractors took out $5.5 billion worth of building permits in November. That’s down 11.2 per cent from October and their second straight monthly decline.

Statistics Canada reports lower construction intentions, particularly for multi-family dwellings in British Columbia and commercial buildings in Ontario, were behind the decline. After two straight monthly gains, permits in the non-residential sector fell 16.1 per cent to $2.3 billion in November, mainly due to drops in the commercial and institutional components.

The value of residential permits fell 7.2 per cent to $3.2 billion, with most of the decrease coming from British Columbia.