MRO Magazine

Machinery and equipment rental and leasing prices decrease


April 27, 2015
By Bill Roebuck

Ottawa – Statistics Canada’s Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index declined 0.3% in the fourth quarter of 2014. It was the first quarterly decrease since the fourth quarter of 2013.

The heavy machinery and equipment (construction, transportation, mining and forestry) component declined 0.6% while the office and other commercial and industrial machinery and equipment component increased 0.3%.

The index was up 1.0% in the fourth quarter compared with the same quarter of 2013, reflecting large increases in the first half of 2014.