Canadian investment intentions up, U.S. goods orders plunge

(Feb. 27, 2013) -- The 2013 edition of Statistic Canada's survey showed that Canadian public and private organizations intend to boost spending on construction, and machinery and equipment by 1.7 percent in 2013. In January, new orders for durable goods in the US fell by a larger than expected 5.2 percent, following sizable gains recorded in each of the previous four months.