Inflation sets fresh three decade high at 6.8% in April with little sign of cooling
Posted: May 21st, 2022In: ConstructionNewsOTTAWA – The cost of nearly everything at the grocery store continued to climb higher to help push the annual inflation rate to a fresh three-decade high in April and economists warn prices could continue to heat[...]
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CREA reports home sales down in April as mortgage rates rise
Posted: May 16th, 2022In: ConstructionNewsIncreasing mortgage rates slowed home sales in April from the frenzied pace they started the year at, the Canadian Real Estate Association said Monday. The association found the number of homes sold dropped by 25.7[...]
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BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from ’70s
Posted: May 12th, 2022In: ConstructionNewsMONTREAL – Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and slow or recessionary economic growth, a senior Bank of Canada official said Thursday. In[...]
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Municipal tax rate twice the inflation rate as city delivers its latest budget
Posted: May 10th, 2022In: ConstructionNewsTHE NELSON DAILY Inflation and wage cost pressure have left the city with no choice but to raise municipal taxes by twice the average annual amount. The city will be bumping its annual taxation figure[...]
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Inflation picks up steam in March to hit 6.7% amid war in Europe, supply chain woes
Posted: Apr 21st, 2022In: ConstructionNewsOTTAWA – Canada’s inflation rate hit 6.7 per cent last month, the fastest annual increase in more than three decades as Russia’s attack on Ukraine pushed up oil prices and a pandemic-related supply chain crunch dragged[...]
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Bank of Canada raises key rate to 1% and warns further hikes still to come
Posted: Apr 13th, 2022In: ConstructionNewsOTTAWA – The Bank of Canada raised its key interest rate by the highest amount in more than 20 years and warned more rate hikes are coming as it increased its outlook for inflation. The central bank hiked its policy interest[...]
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Bank of Canada deputy governor says near term inflation higher amid Ukraine war
Posted: Mar 26th, 2022In: ConstructionNewsOTTAWA – The Russian invasion of Ukraine is adding to inflationary pressures around the world and in Canada, a senior Bank of Canada official said Friday. In a speech by webcast to a conference at the U.S. Federal Reserve Bank of San Francisco, deputy governor[...]
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Can existing stadiums deliver the experience expected of world-class events?
Posted: Mar 18th, 2022In: ConstructionNewsPhoto by Thomas Serera on Unsplash Hosting a major sporting event, such as the Olympics or FIFA World Cup is notoriously controversial, whereby the hosting prestige can, and often is, outweighed by substantial cost overruns[...]
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Annual inflation rate hit 5.7% in February amid broad based price increases
Posted: Mar 17th, 2022In: ConstructionNewsOTTAWA – The cost of living jumped in February at a rate not seen in over 30 years on the back of rising prices for gasoline and groceries, which economists warn are set to become more expensive and push[...]
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Canadian economy expected to grow despite environment: Turner and Townsend report
Posted: Mar 14th, 2022In: ConstructionNewsTurner and Townsend has released its 2022 Canadian Construction Market Intelligence Report. The report assesses the market conditions at the national and individual provincial level. According to its findings, Canada’s economy is expected to[...]
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