Bank of Canada keeps key interest rate target on hold
Posted: Jun 9th, 2021In: ConstructionNewsOTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent. The rate has been on hold at its rock-bottom level since the onset of the pandemic last year and the central bank has said[...]
Read More about Bank of Canada keeps key interest rate target on holdStronger growth expected in rest of 2021 after economy grows 5.6% in first quarter
Posted: Jun 4th, 2021In: ConstructionNewsOTTAWA — The Canadian economy grew at an annual rate of 5.6 per cent in the first quarter of the year before falling back in April, leaving experts looking forward to summer and hopes for[...]
Read More about Stronger growth expected in rest of 2021 after economy grows 5.6% in first quarter$2.6-billion Canada Greener Homes Grant to provide $5,000 for retrofits
Posted: May 28th, 2021In: ConstructionNewsThe Prime Minister, Justin Trudeau, today launched the new Canada Greener Homes Grant, which according to the government, will help up to 700,000 Canadian homeowners across the country improve the energy efficiency of their homes and[...]
Read More about $2.6-billion Canada Greener Homes Grant to provide $5,000 for retrofitsU.S. moves to double tariffs on Canadian softwood lumber imports
Posted: May 25th, 2021In: ConstructionNewsCALGARY – A move by the U.S. Commerce Department to increase preliminary tariffs on softwood lumber imports from Canada, if finalized, will raise producer costs and cut into their profits but is unlikely to affect prices to[...]
Read More about U.S. moves to double tariffs on Canadian softwood lumber importsHome renovation savings prove elusive as wood prices at record highs
Posted: May 8th, 2021In: ConstructionNewsCALGARY – Canadian consumers have many ways to save money on home renovations despite a pandemic-driven surge in demand that has jolted lumber and construction panel prices to all-time highs. However, such advice usually falls on deaf[...]
Read More about Home renovation savings prove elusive as wood prices at record highsEarly estimate from Statistics Canada shows economic growth slowed in Q1
Posted: May 1st, 2021In: ConstructionNewsOTTAWA – The Canadian economy grew at an annual rate of 6.5 per cent through the first quarter of the year, Statistics Canada said Friday, bringing the country tantalizing close to reaching pre-pandemic output. The preliminary estimate for the first three[...]
Read More about Early estimate from Statistics Canada shows economic growth slowed in Q1Majority of homeowners have no plans to sell amid a tight housing market: CIBC
Posted: Apr 23rd, 2021In: ConstructionNewsAs supply remains tight in key regions of the Canadian housing market, a recent CIBC survey finds that most homeowners say the pandemic has not changed their intentions of staying put, with many choosing to[...]
Read More about Majority of homeowners have no plans to sell amid a tight housing market: CIBCWith travel plans cancelled, Atlantic Canadians turn to home renos
Posted: Apr 6th, 2021In: ConstructionNewsTELEGRAPH-JOURNAL When the pandemic closed borders and put a temporary stop to travelling, many Atlantic Canadians took their holiday funds and poured them into home renovations instead. “We were saving up for a trip to[...]
Read More about With travel plans cancelled, Atlantic Canadians turn to home renos