Economic Archives - constructconnect.com Canada's construction news Tue, 14 Jan 2025 17:12:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2021/10/cropped-favicon-32x32-1-32x32.png Economic Archives - constructconnect.com 32 32 Tariffs from U.S. could cost up to 500,000 Ontario jobs, Doug Ford says /dcn/news/economic/2025/01/tariffs-from-u-s-could-cost-up-to-500000-ontario-jobs-doug-ford-says /dcn/news/economic/2025/01/tariffs-from-u-s-could-cost-up-to-500000-ontario-jobs-doug-ford-says#respond Tue, 14 Jan 2025 17:12:47 +0000 /?p=424780 TORONTO — Ontario Premier Doug Ford says provincial officials estimate that U.S. president-elect Donald Trump’s proposed tariffs on Canadian goods could cost up to half a million jobs. Trump has said he would sign an executive order imposing a 25 per cent tariff on all products arriving in the United States from Canada and Mexico […]

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]]> /dcn/news/economic/2025/01/tariffs-from-u-s-could-cost-up-to-500000-ontario-jobs-doug-ford-says/feed 0 U.S. benefits from Canadian trade at least as much as Canada: report /dcn/news/economic/2025/01/u-s-benefits-from-canadian-trade-at-least-as-much-as-canada-report /dcn/news/economic/2025/01/u-s-benefits-from-canadian-trade-at-least-as-much-as-canada-report#respond Tue, 14 Jan 2025 14:27:24 +0000 /?p=424743 OTTAWA — The U.S. benefits just as much as Canada does from the current bilateral trade relationship, argues a new report by economist Jim Stanford. Among the reasons for the equal benefits include Canada being the largest market for U.S. exports, the large surplus of services that the U.S. exports to Canada, Canada’s exports of […]

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]]> /dcn/news/economic/2025/01/u-s-benefits-from-canadian-trade-at-least-as-much-as-canada-report/feed 0 RLB research indicates construction cost inflation is stabilizing /dcn/news/economic/2025/01/rlb-research-indicates-construction-cost-inflation-is-stabilizing /dcn/news/economic/2025/01/rlb-research-indicates-construction-cost-inflation-is-stabilizing#respond Mon, 13 Jan 2025 11:00:25 +0000 /?p=423610 PHOENIX — Rider Levett Bucknall (RLB) has unveiled its latest Quarterly Cost Report on the North American construction industry in 14 key markets with an optimistic view for the sector. With current data from mid-Q4 2024, the latest RLB report shows the national average increase in construction costs for the U.S. was 1.11 per cent, […]

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]]> /dcn/news/economic/2025/01/rlb-research-indicates-construction-cost-inflation-is-stabilizing/feed 0 U.S. steel, plastics among items Canada may target with retaliatory tariffs /dcn/news/economic/2025/01/u-s-steel-plastics-among-items-canada-may-target-with-retaliatory-tariffs /dcn/news/economic/2025/01/u-s-steel-plastics-among-items-canada-may-target-with-retaliatory-tariffs#respond Fri, 10 Jan 2025 11:15:54 +0000 /?p=423249 OTTAWA — Canada is looking to target American steel, ceramics and plastics with retaliatory tariffs in response to an escalating trade dispute with the incoming Trump administration. A senior government official says the list is not final and that Ottawa has made no decisions yet on retaliation. Incoming U.S. president Donald Trump has threatened to […]

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]]> /dcn/news/economic/2025/01/u-s-steel-plastics-among-items-canada-may-target-with-retaliatory-tariffs/feed 0 Greater Toronto home sales dip in December to cap ‘transitionary’ 2024: board /dcn/news/economic/2025/01/greater-toronto-home-sales-dip-in-december-to-cap-transitionary-2024-board /dcn/news/economic/2025/01/greater-toronto-home-sales-dip-in-december-to-cap-transitionary-2024-board#respond Fri, 10 Jan 2025 11:00:11 +0000 /?p=423236 TORONTO — Greater Toronto home sales fell slightly last month to cap a year that saw buyers take advantage of “substantial negotiating power” on price. The Toronto Regional Real Estate Board said 3,359 homes were sold in December throughout the Greater Toronto Area, down 1.8 per cent compared with 3,419 in the same month the […]

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]]> /dcn/news/economic/2025/01/greater-toronto-home-sales-dip-in-december-to-cap-transitionary-2024-board/feed 0 B.C. on the brink: 72% of construction companies face severe labour shortages, finds ICBA /joc/news/economic/2025/01/b-c-on-the-brink-72-of-construction-companies-face-severe-labour-shortages-finds-icba /joc/news/economic/2025/01/b-c-on-the-brink-72-of-construction-companies-face-severe-labour-shortages-finds-icba#respond Wed, 08 Jan 2025 12:15:02 +0000 /?p=422547 SURREY, B.C. — The Independent Contractors and Businesses Association’s (ICBA) 2025 Wage and Benefits Survey is revealing 72 per cent of B.C. contractors are facing a shortage of skilled tradespeople that is forcing them to turn down projects and absorb rising costs. The survey also shows 63 per cent of respondents said government is on […]

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]]> /joc/news/economic/2025/01/b-c-on-the-brink-72-of-construction-companies-face-severe-labour-shortages-finds-icba/feed 0 Competition Bureau, Rona reach agreement to ‘preserve competition in housing construction’ /dcn/news/economic/2025/01/competition-bureau-rona-reach-agreement-to-preserve-competition-in-housing-construction /dcn/news/economic/2025/01/competition-bureau-rona-reach-agreement-to-preserve-competition-in-housing-construction#respond Tue, 07 Jan 2025 11:05:15 +0000 /?p=422106 GATINEAU, QUE. — An agreement has been reached between the Competition Bureau and Rona Inc. in relation to concerns about the company’s proposed acquisition of All-Fab Building Components. A review conducted by the bureau found the proposed transaction could result in the lessening of competition in the design, supply and manufacturing of roof and floor […]

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]]> /dcn/news/economic/2025/01/competition-bureau-rona-reach-agreement-to-preserve-competition-in-housing-construction/feed 0 B.C. property values flat across most of province, but affordability remains elusive /joc/news/economic/2025/01/b-c-property-values-flat-across-most-of-province-but-affordability-remains-elusive /joc/news/economic/2025/01/b-c-property-values-flat-across-most-of-province-but-affordability-remains-elusive#respond Mon, 06 Jan 2025 15:15:12 +0000 /?p=422085 VANCOUVER — British Columbia’s latest property assessments show values remain generally flat compared to the previous year, but researchers warn the numbers don’t herald housing affordability in the famously expensive province. BC Assessment said prices only fluctuated within a range of plus or minus three per cent in most communities, including major urban areas such […]

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]]> /joc/news/economic/2025/01/b-c-property-values-flat-across-most-of-province-but-affordability-remains-elusive/feed 0 Metro Vancouver releases study on impact of industrial lands /joc/news/economic/2025/01/metro-vancouver-releases-study-on-impact-of-industrial-lands /joc/news/economic/2025/01/metro-vancouver-releases-study-on-impact-of-industrial-lands#respond Mon, 06 Jan 2025 12:05:20 +0000 /?p=421478 METRO VANCOUVER — The 2024 Economic Impact of Industrial Lands Study highlights the role industrial lands play in generating government revenue and supporting regional economic growth, states Metro Vancouver, with the intent behind the report to emphasize the need to optimize these areas. Some key facts are featured below. Industrial lands account for: 30 per […]

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]]> /joc/news/economic/2025/01/metro-vancouver-releases-study-on-impact-of-industrial-lands/feed 0 Gensler unveils its 2025 design forecast /dcn/news/economic/2025/01/gensler-unveils-its-2025-design-forecast /dcn/news/economic/2025/01/gensler-unveils-its-2025-design-forecast#respond Fri, 03 Jan 2025 11:00:09 +0000 /?p=421102 SAN FRANCISCO – Global architecture and design firm Gensler has unveiled its 2025 Design Forecast, outlining five key drivers for the future of cities going forward. The trends are slated to impact the real estate and built environment throughout 2025 and emphasize human-centered, adaptable spaces as well as a shift toward resilient urban environments. The […]

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]]> /dcn/news/economic/2025/01/gensler-unveils-its-2025-design-forecast/feed 0 China’s manufacturing activity slows in December as trade risks grow /dcn/news/economic/2024/12/chinas-manufacturing-activity-slows-in-december-as-trade-risks-grow /dcn/news/economic/2024/12/chinas-manufacturing-activity-slows-in-december-as-trade-risks-grow#respond Tue, 31 Dec 2024 15:58:30 +0000 /?p=420446 HONG KONG  — China’s factory activity expanded at a slower pace in December, official data showed on Tuesday, despite recent stimulus measures and in the face of increasing trade risks. The Purchasing Managers’ Index, based on a survey of factory managers, slipped to 50.1 in December from 50.3 the previous month, the National Bureau of […]

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]]> /dcn/news/economic/2024/12/chinas-manufacturing-activity-slows-in-december-as-trade-risks-grow/feed 0 Metro Vancouver releases projections on population, housing and Jobs /joc/news/economic/2024/12/metro-vancouver-releases-projections-on-population-housing-and-jobs /joc/news/economic/2024/12/metro-vancouver-releases-projections-on-population-housing-and-jobs#respond Fri, 27 Dec 2024 12:10:32 +0000 /?p=419149 METRO VANCOUVER — It appears Metro Vancouver is slated for significant growth over the next 25 years, the latest projections indicate. “Accurate projections help guide us as we work to build a resilient, sustainable region,” said Mike Hurley, chair of Metro Vancouver’s Board of Directors, in a statement. “This updated data allows us to work […]

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