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 […]

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 […]

Recently, ConstructConnect took a close look at the movement in U.S. construction material costs, through focusing on the Industrial Product Price Indices (PPIs) calculated and published by the Bureau of Labor Statistics. This current article carries out a similar analysis for Canada. The north-of-the-border data series that are equivalent to the U.S. PPI are the […]

The accompanying table records the 10 largest construction project starts in Canada in February 2019. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and non-residential building categories in Canada. There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair […]

The accompanying table shows 20 of the largest upcoming Hotel/Motel and Shopping Centre construction projects in Canada. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations. Shopping centers, hotels, office buildings, medical buildings, educational buildings, government buildings, industrial projects, oil and gas projects, and electric […]