Canadian businesses, governments and institutions plan to raise non-residential capital and repair spending by $14.4 billion in 2026, up 3.7%, which is slower than the 4.7% increase in 2025.
Spending on non-residential buildings and structures is expected to rise $15.2 billion, up 5.9%. Machinery and equipment spending is expected to fall $732.1 million, down 0.6%, to $127.2 billion.
Investment plans are mixed across the economy. Eleven sectors expect to cut capital outlays by a combined $5.0 billion, while nine sectors expect increases totalling $19.4 billion.
Mining, quarrying and oil and gas extraction is expected to rebound to $65.3 billion in 2026, up 6.8%, after a 3.1% drop in 2025. Transportation and warehousing is expected to rise by $5.6 billion in 2026 to more than $61.0 billion, the largest increase among sectors.
Manufacturing investment fell 2.6% in 2025 to $34.0 billion.
Public-sector entities expect to invest $163.4 billion in 2026, up 5.1%, which is far below the 13.5% increase reported for 2025.
Utilities spending is expected to rise $4.5 billion in 2026, up 9.7%.
By region, total capital spending on non-residential structures and machinery and equipment is expected to increase in seven provinces and two territories. The largest planned gains are in the Northwest Territories at 14.4%, Yukon at 13.5% and Ontario at 7.0%. Nunavut is expected to post the largest decline at 20.4% after a 29.2% increase in 2025.
Infrastructure spending in 2024 rose 3.8% to $141.0 billion, but Alberta and B.C. saw declines as major air, rail, water and pipeline projects wrapped up, contributing to a $9.0 billion drop. Public transit spending rose 36.3% to $17.1 billion, led by Ontario and B.C., while electricity infrastructure spending rose 9.2%, led by Quebec, Ontario and Saskatchewan.