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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Chinese developer misses payment, adding to industry strain
Posted: Oct 7th, 2021In: ConstructionNewsShenzhen Futian Eastern Skyline, Shenzhen’s two iconic skyscrapers, Kingkey 100, and Shun Hing Plaza (Diwang Building) stand among them. (photo: Charlie Fong via Wikimedia Commons) BEIJING (AP) – A midsize Chinese real estate developer failed[...]
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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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GTA condominium apartment sales hit record highs in August
Posted: Sep 30th, 2021In: ConstructionNewsThe GTA new home market saw a record number of condominium apartment sales in August, the Building Industry and Land Development Association (BILD) has announced. Condominium apartments, including units in low, medium and high-rise buildings,[...]
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U.S. new homes sales rise for second straight month in August
Posted: Sep 25th, 2021In: ConstructionNewsSILVER SPRING, Md. (AP) – Sales of new homes in the U.S. rose modestly in August as rising prices continue to sideline potential buyers. Sales of new homes last month rose 1.5%, the Commerce Department[...]
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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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CMHC reports annual pace of housing starts in Canada slowed in June
Posted: Jul 20th, 2021In: ConstructionNewsOTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in June. The national housing agency says the seasonally adjusted annual rate of housing starts fell 1.5 per cent to[...]
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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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