Economic Archives - constructconnect.com

Key material inputs to construction materials: Is the U.S. dependent on imports?

Tue, 22 Apr 2025 10:00:28 +0000

For me, at least, there鈥檚 been a surprising benefit arising from the attention given to the trading of goods as a result of the Donald Trump Administration鈥檚 altering of the tariff framework 鈥� discovery of a wonderful different source of data other than the usual band of musicians, the Census Bureau, the Bureau of Labor […]

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Costs, chaos rising as metal tariffs pile up with no end in sight

Mon, 21 Apr 2025 13:07:44 +0000

TORONTO 鈥� The costs and chaos being caused by metal tariffs are starting to build up after a month in effect, and there’s little hope they’ll be removed in the foreseeable future. U.S. President Donald Trump imposed 25 per cent tariffs on Canadian steel and aluminum on March 12, while also raising metal tariffs for […]

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Turner & Townsend, NPX partner on pursuit of nuclear projects across Canada

Mon, 21 Apr 2025 10:00:07 +0000

TORONTO 鈥� Professional services company Turner & Townsend and Nuclear Promise X Inc. (NPX), a nuclear innovation company, have entered into a strategic teaming agreement to jointly pursue and deliver nuclear project opportunities across Canada. The two-year agreement, with the option to extend annually, brings together Turner & Townsend鈥檚 expertise in project management and project […]

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California sues to stop Trump from imposing sweeping tariffs

Fri, 18 Apr 2025 11:19:06 +0000

SACRAMENTO, CALIF. 鈥� California Gov. Gavin Newsom sued the Trump administration on Wednesday, challenging the president’s authority to impose sweeping tariffs that have set off a global trade war. The lawsuit argues that President Donald Trump’s use of the International Emergency Economic Powers Act to impose tariffs on Mexico, Canada and China or a 10 […]

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The tariff war impacts on U.S. manufacturing construction

Thu, 17 Apr 2025 10:10:08 +0000

There is no absence of news that should be grabbing our attention these days. Regardless, there is one matter that is commanding an almost unprecedented level of focus. It is聽what President Trump is referring to as the application of U.S. 鈥渞eciprocal鈥澛爐ariffs. What does this mean for investment and construction? The stated intent of the […]

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Residential Report: Toronto 鈥榙isconnected from reality鈥� with proposed new fees for developers

Thu, 17 Apr 2025 08:39:39 +0000

With the residential construction industry in such dire straits, it is inconceivable that the City of Toronto would consider hiking fees that will make it more expensive for developers to build. Astoundingly, that鈥檚 exactly what鈥檚 happening. The political brain trust at city hall is pondering plans to penalize developers and builders even more 鈥� and […]

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Bank of Canada holds key rate steady amid trade war, economic uncertainty

Wed, 16 Apr 2025 14:23:43 +0000

OTTAWA – The Bank of Canada left its benchmark interest rate unchanged Wednesday as it waits to get a clearer picture of how global trade uncertainty is going to impact the Canadian economy. The central bank held its policy rate steady at 2.75 per cent, the first time it has left the key rate unchanged […]

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EllisDon launches affordable housing 鈥榢it-of-parts鈥� template

Wed, 16 Apr 2025 10:15:17 +0000

MISSISSAUGA, ONT. 鈥� EllisDon Community Builders has launched Base Design, an adaptable template to help combat Canada鈥檚 housing crisis through rapid development. The licensable, scalable 鈥渒it-of-parts鈥� template is designed to expedite the creation of affordable housing, a release reads, with Base Design laying the groundwork for multi-unit developments up to 10 storeys high. The idea […]

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The growing challenge of controlling construction material costs

Wed, 16 Apr 2025 10:10:18 +0000

In today鈥檚 complex global economy, controlling聽construction material costs聽has become an uphill battle for builders, developers and policy-makers. A key reason lies in the U.S. construction industry鈥檚 reliance on imported materials 鈥� a dynamic that leaves domestic prices vulnerable to聽tariffs, trade disputes and supply chain disruptions. While the U.S. maintains a strong聽domestic steel industry, about聽20 per […]

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Toronto condo market unlikely to see jolt as conditions vary elsewhere in Canada

Tue, 15 Apr 2025 10:00:04 +0000

TORONTO 鈥� Experts say the Greater Toronto Area condo market is unlikely to awaken from its lull any time soon even as other major Canadian cities see somewhat more promising demand. As supply continues to pile up in the GTA, some say affordability is still a key problem holding would-be buyers back from placing their […]

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Carney warns of signs that global economies are slowing amid Trump’s tariffs

Fri, 11 Apr 2025 18:03:42 +0000

OTTAWA 鈥� Prime Minister Mark Carney says there are signs that the global and Canadian economies are slowing. Carney took another day off the campaign trail today to convene his Canada-U.S. cabinet committee today after a raucous week of White House tariff policy. Markets have been in turmoil since Trump escalated his trade war with […]

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Toronto construction costs drop but trade wars add risks: Altus Cost Guide

Thu, 10 Apr 2025 12:28:08 +0000

A new report from Altus Group has revealed construction costs have fallen in Toronto and Ottawa in the past year amidst general stabilization of prices in the rest of the country. But the firm鈥檚 2025 Canadian Cost Guide warns the trend towards favourable construction pricing could well be disrupted as U.S. trade tensions and higher […]

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