
Workers position pipe during construction of the Trans Mountain pipeline expansion in Abbotsford, B.C., on May 3, 2023. The Canadian Press/Darryl Dyck
Real investment in industrial machinery and equipment in Canada has dropped to the lowest level on record, according to a new report by the National Bank of Canada (NBC).
In its report released Sept. 12, the researchers looked at the latest national accounts data for the second quarter of 2025, and found that Canada’s investment in industrial machinery and equipment has fallen below any level on record, which dates back to 1981.