Annual inflation rate hits 4.4 per cent in September, Statistics Canada says
Posted: Oct 21st, 2021In: ConstructionNewsOTTAWA – The cost to put food on the table and gasoline in the car pushed up the cost of living in September, lifting the annual pace of price increases to a near two-decade high with no clear end[...]
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Push to send vaccines to developing nations a global economic win: BoC chief
Posted: Oct 9th, 2021In: ConstructionNewsOTTAWA – The governor of the Bank of Canada pressed the case for COVID-19 vaccines to be sent to developing nations as part of a broader push to not only end the pandemic, but aid[...]
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Little room for feds to issue long term debt unless central bank steps in: documents
Posted: Oct 6th, 2021In: ConstructionNewsBank of Canada (Photo: d.neuman from Ottawa, Canada via Wikimedia Commons) OTTAWA – Newly released documents show the Liberals were told earlier this year that the government’s bid to lock in low interest rates on[...]
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Bank of Canada plans to raise interest rate before moving to reduce bond holdings
Posted: Sep 11th, 2021In: ConstructionNewsBank of Canada governor Tiff Macklem says the central bank plans to increase interest rates before it reduces the size of its government bond holdings, although its timing on the rate hike will depend on the economic recovery. The central bank is currently purchasing[...]
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Bank of Canada keeps key interest rate target on hold, citing pandemic related risks
Posted: Sep 8th, 2021In: ConstructionNewsOttawa: Bank of Canada (Photo: Wladyslaw via Wikimedia Commons) OTTAWA – The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic[...]
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Immigrants ‘fundamental’ to tackling Canada’s shortage in skilled trade workers
Posted: Aug 16th, 2021In: ConstructionNewsWith its most recent budget, the Canadian government has greased the skids to get the country back to pre-pandemic growth rates. Its biggest commitment is a $180 billion infrastructure plan that promises everything from overdue[...]
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Residential Building Permits Increased 9.1% in June: StatsCan
Posted: Aug 10th, 2021In: ConstructionNewsAccording to a recent report by Statistics Canada, the total value of building permits rose 6.9% to $10.3 billion in June. Seven provinces contributed to the gain, led by Ontario, which jumped 22.7%. Construction intentions in the residential[...]
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Toronto most expensive city to build in Canada, but ranks 33rd worldwide
Posted: Jul 26th, 2021In: ConstructionNewsMajor U.S. cities are topping global rankings as some of the most expensive places to build, with the cost of construction set to soar over the next two years as pressure on labor and materials[...]
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Bank of Canada cuts growth forecast for 2021, reduces bond buying target
Posted: Jul 15th, 2021In: ConstructionNewsOTTAWA – The Bank of Canada says the domestic economy will grow at a slightly slower pace this year than it previously thought and expects the risks from COVID-19 to wane – but not enough to change its trendsetting[...]
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RCCAO calls on federal government to address significant infrastructure deficit
Posted: Jul 10th, 2021In: ConstructionNewsThe federal government must tackle the country’s massive infrastructure deficit and commit more money into transit, waterworks and roads and bridges, the Residential and Civil Construction Alliance of Ontario (RCCAO) has stated in a recent[...]
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