Canadian Economic Outlook
May 21, 2013
Canada’s resource sector isn’t the only one struggling to stay afloat in this storm-tossed boat. Coal miners in the Powder River Basin of Wyoming and Montana — where 40% of total U.S. production occurs — want to tap into the lucrative export markets of China and India.
May 17, 2013
Some investors are placing bets against Canada. They’re short selling our currency, avoiding our equities and talking down our economy. Should we be worried?
May 16, 2013
When Margaret Thatcher died in early April, there was a great deal of public discussion about her legacy. Underlying all the commentary was the fact she was Britain’s first female Prime Minister.
May 16, 2013
According to the latest (March) inflation statistics released by Statistics Canada, the cost of a basket of goods purchased by an “average” Canadian household has risen by 1% over the past twelve months. Further, the Statistics Canada CPI report for March revealed that, on average, it cost the average household almost 5% more to live in Edmonton than in Toronto.
May 15, 2013
The advance estimate for U.S. economic growth in the first quarter of this year is +2.5%, seasonally adjusted and annualized (SAAR), according to the Bureau of Economic Analysis (BEA).
May 13, 2013
Political machinations around the world are becoming increasingly chaotic. The prime examples may be in Europe, where the austerity-versus-stimulus debate has resulted in governments being replaced in Greece, France, Spain and Italy.
May 10, 2013
There is a wealth of information available about residential real estate markets in the U.S. and Canada. With home starts in the two countries now taking divergent paths — trending upwards to the south and downwards to the north — this is a good time to review some the latest data.
May 9, 2013
National new home starts in April were 175,000 units seasonally adjusted and annualized (SAAR), according to Canada Mortgage and Housing Corporation (CMHC).
May 7, 2013
Mid-April was not a good time for Canada’s raw materials sector. In the course of just a couple of days, an already weakening price of gold surrendered all restraint and plunged the most in three decades.
May 6, 2013
How long has it been? The answer: 57 months or nearly five years. June 2008 was the last time U.S. monthly housing starts, seasonally adjusted and at an annual rate (SAAR), were higher than one million units.
May 3, 2013
There’s a clear dividing line. The change occurred in November 2008, near the start of the recession in Canada.
April 30, 2013
If the U.S. labour market report in March was a dip into tepid water, Canada’s was a cold shower.
April 29, 2013
A long-term problem for most of the world’s industrialized nations will be an aging citizenry, accompanied by minimal population growth or actual declines.
April 26, 2013
U.S. total motor vehicle sales in March were 15.27 million units, seasonally adjusted and annualized (SAAR), according to Autodata Corporation, a New Jersey-based statistics monitoring company.
April 25, 2013
Following a temporary hiatus in late 2012, there are clear indications the overall health of the global economy is starting to improve.
April 23, 2013
March 2013 was a month to circle with a colored marker for North America’s major stock market indices. Both the Dow Jones Industrial average (at a level of 14,585) and the S&P 500 (reaching 1,570) set new all-time highs.
April 19, 2013
Canada’s overall inflation rate in February accelerated to +1.2% from a quite low +0.5% the month before, according to Statistics Canada.
April 16, 2013
U.S. new home starts in February were 917,000 units, seasonally adjusted and annualized (SAAR), according to a joint press release from the Census Bureau and the Department of Housing and Urban Development.
April 12, 2013
The U.S. items inflation rate in February, spurred on by an uplift in gasoline prices, recorded an out-sized seasonally-adjusted month-to-month gain of 0.7%, according to the Bureau of Labor Statistics.
April 11, 2013
Midway through the first half of 2013, a number of key indicators suggest that Quebec’s economic engine has picked up some speed despite the persisting climate of uncertainty about the health of the global economy in general and the outlook for the U.S. in particular.
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These projects have been selected from 316 projects with a total value of $2,787,806,637 that Reed Construction Data Building Reports reported on Friday.
$1,000,000,000 Edmonton AB Prebid
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$50,000,000 Calgary AB Prebid
- Construction Site Arson
- Journal of Commerce Update for the week of May 20th, 2013
- Industry reacts to surprise B.C. Liberal majority
- Calgary Airport Tunnel
- Worker at centre of union sign up allegations speaks out
- Calgary program aims to get more people into the trades
- Midrise in the City
- Veterans battle barriers into the trades
- Government makes changes to online tendering
- SNC-Lavalin maintains that new bribery allegations have been resolved
- B.C. faces a tough battle for top talent
- Keyano College building state of the art training facility
- Essential skills can play a vital role in an apprentices' success
- Taking a closer look at the risks in green building for contractors
- Colleges conduct construction research in addition to teaching
- Skills Canada BC Competition
- Lower Mainland high school trades program is unique
- Construction Learning Forum aims to educate
- High schools looking for more industry participation
- Industrial construction supervisor program takes off
- Saskatchewan bill passed
- Edmonton garners support for regional cash for arena
- Feds pledge $5 million for Vimy memorial
- VIDEO: Economic Update May 21, 2013
- VIDEO: Competing in the trades
- Multi-employer approach needed in apprenticeships
- New Perspective
- ACEC’s input helps develop global engineering guidelines
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- World Trade Center developer’s plan for a 926-foot tower moving ahead
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- Cold spring and weak construction hurt Deere’s 2013 predictions
- CanBIM reschedule June session
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|ALEX’S ECONOMICS BLOG|
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- An Overview of Prices and Sales in the Diverging U.S. and Canadian Housing Markets (April 25, 2013)
- Canada’s Precarious Dependence on the Commodity Price Super-Cycle (April 22, 2013)
- Twenty major upcoming residential and transportation terminal construction projects - April 2013 (April 15, 2013)