Despite investment growth being observed in many non-residential assets (+4.4%), it was not enough to increase the remaining useful service life of Canadian non-residential capital stock in 2022. In fact, the increase in the investment was not enough to replace the obsolete assets. The remaining useful service life ratio of non-residential capital stock was down slightly from 63.6% in 2021 to 63.5% in 2022, its lowest level since 2009 and the sixth straight decrease. A decrease in this ratio could indicate that new capital investment is required.
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