Central bank policy-setting interest rates in the U.S. and Canada are currently becalmed. The Federal Reserve’s federal funds rate is presently in a range of 2.25% to 2.50%; the Bank of Canada’s overnight rate is 1.75%. As 2018 wound down, yields appeared set for further hikes. Share prices, homebuilding, and general spending levels all reacted […]

After disappointing ‘groundbreaking’ results in the first two months of 2019, March delivered a solidly upbeat change. ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $35.0 billion (green shaded box, Table 3 below), an increase of +42.6% versus February, and way above the usual gain as winter makes […]

In February, Canada had a strong record of jobs creation while the U.S. faltered; but for the latest month now on record, March 2019, the opposite was the case. According to the just issued Employment Situation report from the Bureau of Labor Statistics (BLS), America’s economy generated nearly 200,000 net new jobs in March (+196,000). […]

Is there relevance for construction in foreign trade? The answer is an emphatic ‘Yes!’ and, in a nutshell, it can hardly be overstated. Some of the impacts are overt; others are subtle. In the first category, and especially important for Canada, are exports of raw materials. Owners in the resource sector undertake capital expansions when […]