Industry professionals respond to the 2023 Federal Budget
Posted: Apr 4th, 2023In: ConstructionNewsThe Canada Green Building Council (CAGBC), Canadian Urban Transit Association (CUTA), Pembina Institute, Canada’s Building Trades Unions, and RESCON have issued the following statements in response to the federal government’s Budget 2023: According to the[...]
Read More about Industry professionals respond to the 2023 Federal Budget2023 Federal Budget: Ontario Construction Secretariat
Posted: Apr 1st, 2023In: ConstructionNewsCanada rebounded quickly from the pandemic, and in 2022 it was the fastest growing economy in the G7. This was due to government support, strong population growth (highest in the G7), and resilient household and[...]
Read More about 2023 Federal Budget: Ontario Construction SecretariatInflation in Canada continues to slow, reaffirming BOC’s rate pause
Posted: Mar 22nd, 2023In: ConstructionNewsOTTAWA – Canada’s annual inflation rate continued to slow last month, reaffirming the central bank’s decision to hold its key interest rate steady. In its latest consumer price index report released Tuesday, Statistics Canada said the country’s inflation rate[...]
Read More about Inflation in Canada continues to slow, reaffirming BOC’s rate pauseCanada’s annual inflation rate slowed in January, serving good news for the BoC
Posted: Feb 22nd, 2023In: ConstructionNewsOTTAWA – The annual inflation rate slowed more than expected in January, suggesting the Bank of Canada is likely content with its decision to pause rate hikes as price pressures continue to ease. In its consumer price index report[...]
Read More about Canada’s annual inflation rate slowed in January, serving good news for the BoCEconomists see signs of inflation easing, despite annual rate holding steady
Posted: Nov 17th, 2022In: ConstructionNewsOTTAWA – Canada’s annual inflation rate held steady in October, but economists say it’s trending in the right direction. In its latest consumer price index report, Statistics Canada said the country’s annual inflation rate was 6.9 per cent[...]
Read More about Economists see signs of inflation easing, despite annual rate holding steadyCanada’s hotter than expected inflation reading sets stage for another rate hike
Posted: Oct 21st, 2022In: ConstructionNewsOTTAWA – Canada’s latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week. In[...]
Read More about Canada’s hotter than expected inflation reading sets stage for another rate hikeFormer BoC governor Stephen Poloz warns against entrenching inflation in expectations
Posted: Sep 27th, 2022In: ConstructionNewsBANFF, Alta. – Preventing current high inflation levels from becoming embedded into the public’s expectations is key if the country is to avoid falling into recession, former Bank of Canada governor Stephen Poloz said Thursday. Poloz, who was head of the bank for[...]
Read More about Former BoC governor Stephen Poloz warns against entrenching inflation in expectationsCanada’s inflation rate cools in August but grocery prices continue to climb
Posted: Sep 24th, 2022In: ConstructionNewsOTTAWA – Canada’s annual inflation rate slowed to 7.0 per cent in August largely driven by the price of gasoline falling, but the cost of groceries continues to climb. In its latest monthly consumer price index (CPI) report, Statistics Canada said grocery[...]
Read More about Canada’s inflation rate cools in August but grocery prices continue to climbEconomic stimulus should have stopped earlier to tame inflation, Bank of Canada says
Posted: Sep 22nd, 2022In: ConstructionNewsOTTAWA – Bank of Canada deputy governor Paul Beaudry said in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic, which likely would have kept a lid on inflation. In[...]
Read More about Economic stimulus should have stopped earlier to tame inflation, Bank of Canada saysEquifax says total consumer debt $2.32 trillion in Q2, up 8.2% from year ago
Posted: Sep 11th, 2022In: ConstructionNewsTORONTO – Equifax Canada says total consumer debt rose to $2.32 trillion in the second quarter, up 8.2 per cent compared with the same quarter last year. The report by the credit rating agency says increases in[...]
Read More about Equifax says total consumer debt $2.32 trillion in Q2, up 8.2% from year ago