Economic Archives - constructconnect.com ÌìÃÀÓ°Ôº's construction news Mon, 05 May 2025 13:39:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2021/10/cropped-favicon-32x32-1-32x32.png Economic Archives - constructconnect.com 32 32 Capital Power focused on closing $3-billion U.S. power plant deal /dcn/news/economic/2025/05/capital-power-focused-on-closing-3-billion-u-s-power-plant-deal /dcn/news/economic/2025/05/capital-power-focused-on-closing-3-billion-u-s-power-plant-deal#respond Mon, 05 May 2025 10:05:29 +0000 /?p=457430 OHIO — The chief executive of Capital Power Corp. said a key focus in the months ahead will be digesting two soon-to-be purchased U.S. natural gas power plants. The Edmonton-based power generator announced a $3-billion deal earlier this month to buy the Hummel power station in Pennsylvania and the Rolling Hills station in Ohio. Both […]

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]]> /dcn/news/economic/2025/05/capital-power-focused-on-closing-3-billion-u-s-power-plant-deal/feed 0 Algoma Steel reports loss as tariffs, pricing weigh on results /dcn/news/economic/2025/05/algoma-steel-reports-loss-as-tariffs-pricing-weigh-on-results /dcn/news/economic/2025/05/algoma-steel-reports-loss-as-tariffs-pricing-weigh-on-results#respond Mon, 05 May 2025 08:15:09 +0000 /?p=457486 SAULT STE. MARIE, ONT. — Algoma Steel Group Inc. says ÌìÃÀӰԺ’s steel market is under increasing pressure from weakening prices brought on by tariffs and imports, but that its major retrofit of its furnace system should help with costs ahead. The steel maker says Canadian producers are limited in what tariff costs they can pass […]

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]]> /dcn/news/economic/2025/05/algoma-steel-reports-loss-as-tariffs-pricing-weigh-on-results/feed 0 Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1 /dcn/news/economic/2025/05/economy-shrunk-0-2-in-february-statcan-estimates-1-5-annualized-growth-for-q1 /dcn/news/economic/2025/05/economy-shrunk-0-2-in-february-statcan-estimates-1-5-annualized-growth-for-q1#respond Fri, 02 May 2025 10:10:13 +0000 /?p=457027 OTTAWA — Statistics ÌìÃÀÓ°Ôº says the Canadian economy contracted in February but early signs suggest moderate growth in March. The agency says real gross domestic product decreased 0.2 per cent in February. That was driven by a 0.6 per cent decline for goods-producing industries, with mining, quarrying, and oil and gas extraction and construction contributing […]

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]]> /dcn/news/economic/2025/05/economy-shrunk-0-2-in-february-statcan-estimates-1-5-annualized-growth-for-q1/feed 0 Tariff shocks to jobs, economy growing as boost from preparation fades: Deloitte /dcn/news/economic/2025/05/tariff-shocks-to-jobs-economy-growing-as-boost-from-preparation-fades-deloitte /dcn/news/economic/2025/05/tariff-shocks-to-jobs-economy-growing-as-boost-from-preparation-fades-deloitte#respond Thu, 01 May 2025 10:05:48 +0000 /?p=456706 TORONTO — Deloitte’s latest economic outlook sees the pain of tariffs gathering pace in the months ahead as the short-term boost from companies front-loading activity fades.  The firm says the uncertainty from trade policies, and the efforts by companies to get orders in before tariffs hit, mean a sharp drop in investment and rising unemployment. […]

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]]> /dcn/news/economic/2025/05/tariff-shocks-to-jobs-economy-growing-as-boost-from-preparation-fades-deloitte/feed 0 CFIB to work with new government and opposition in dealing with tariff battle /dcn/news/economic/2025/04/cfib-to-work-with-new-government-and-opposition-in-dealing-with-tariff-battle /dcn/news/economic/2025/04/cfib-to-work-with-new-government-and-opposition-in-dealing-with-tariff-battle#respond Wed, 30 Apr 2025 13:58:23 +0000 /?p=456649 OTTAWA — The Canadian Federation of Independent Business (CFIB) says it looks forward to working with the new Liberal government and opposition to help deal with the tariff battle with the United States and China. CFIB president Dan Kelly said it was good to hear both Prime Minister Mark Carney and Conservative Leader Pierre Poilievre […]

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]]> /dcn/news/economic/2025/04/cfib-to-work-with-new-government-and-opposition-in-dealing-with-tariff-battle/feed 0 Metro Vancouver housing figures underscore massive gap in affordable units /joc/news/economic/2025/04/metro-vancouver-housing-figures-underscore-massive-gap-in-affordable-units /joc/news/economic/2025/04/metro-vancouver-housing-figures-underscore-massive-gap-in-affordable-units#respond Tue, 29 Apr 2025 11:00:09 +0000 /?p=455800 VANCOUVER — The latest housing report from Metro Vancouver underscores the significant gap between current affordable rentals and the number of units required to prevent more people from falling into homelessness, the head of the BC Non-Profit Housing Society said as the district released its data recently. Jill Atkey said the region’s housing needs report […]

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]]> /joc/news/economic/2025/04/metro-vancouver-housing-figures-underscore-massive-gap-in-affordable-units/feed 0 BILD reports ‘extremely low’ new home sales for March /dcn/news/economic/2025/04/bild-reports-extremely-low-new-home-sales-for-march /dcn/news/economic/2025/04/bild-reports-extremely-low-new-home-sales-for-march#respond Tue, 29 Apr 2025 08:15:26 +0000 /?p=455876 TORONTO — The Building Industry and Land Development Association (BILD) is reporting home sales activity was extremely low in the Greater Toronto Area for March, marking the sixth month of record all-time lows. With year-over-year housing starts in the GTA down over 50 per cent, governments must urgently and rapidly take action, the associations warns. […]

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]]> /dcn/news/economic/2025/04/bild-reports-extremely-low-new-home-sales-for-march/feed 0 New Brunswick, Newfoundland and Labrador sign agreement to knock down trade barriers /dcn/news/economic/2025/04/new-brunswick-newfoundland-and-labrador-sign-agreement-to-knock-down-trade-barriers /dcn/news/economic/2025/04/new-brunswick-newfoundland-and-labrador-sign-agreement-to-knock-down-trade-barriers#respond Mon, 28 Apr 2025 10:15:39 +0000 /?p=454986 ST. JOHN’S — New Brunswick and Newfoundland and Labrador are the latest provinces to pledge to work together and knock down trade barriers as ÌìÃÀÓ°Ôº faces economic threats from U.S. President Donald Trump. The country’s two Liberal premiers signed a commitment in St. John’s, N.L.,  on April 24  saying their goal is to find ways […]

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]]> /dcn/news/economic/2025/04/new-brunswick-newfoundland-and-labrador-sign-agreement-to-knock-down-trade-barriers/feed 0 CFIB economic forecast predicts significant contraction in Q2 /dcn/news/economic/2025/04/cfib-economic-forecast-predicts-significant-contraction-in-q2 /dcn/news/economic/2025/04/cfib-economic-forecast-predicts-significant-contraction-in-q2#respond Mon, 28 Apr 2025 08:05:31 +0000 /?p=455032 OTTAWA — A forecast from the Canadian Federation of Independent Business (CFIB) estimates the economy saw muted growth in the first three months of the year and predicts a significant contraction for the second quarter. The report estimates the Canadian economy grew at an annualized rate of 0.8 per cent in the first quarter of […]

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]]> /dcn/news/economic/2025/04/cfib-economic-forecast-predicts-significant-contraction-in-q2/feed 0 Arup celebrates 25 years of growth and impact in ÌìÃÀÓ°Ôº /dcn/news/economic/2025/04/arup-celebrates-25-years-of-growth-and-impact-in-canada /dcn/news/economic/2025/04/arup-celebrates-25-years-of-growth-and-impact-in-canada#respond Fri, 25 Apr 2025 10:10:40 +0000 /?p=454293 TORONTO — Global design, planning, engineering and consulting firm Arup celebrated 25 years in ÌìÃÀÓ°Ôº recently with a milestone event held at Toronto’s Four Seasons Centre for the Performing Arts. More than 400 clients and industry leaders came together to honour Arup’s achievements. The firm’s journey in ÌìÃÀÓ°Ôº began with the opening of its Toronto […]

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]]> /dcn/news/economic/2025/04/arup-celebrates-25-years-of-growth-and-impact-in-canada/feed 0 Northbridge expands construction bursaries /dcn/news/economic/2025/04/northbridge-expands-construction-bursaries /dcn/news/economic/2025/04/northbridge-expands-construction-bursaries#respond Fri, 25 Apr 2025 08:05:54 +0000 /?p=454325 TORONTO — Northbridge Insurance is expanding its construction bursary program in Ontario, in partnership with George Brown College. Following its success in Atlantic ÌìÃÀÓ°Ôº, this initiative aims to support students pursuing careers in the skilled trades, helping to address the ongoing labour shortage in the construction industry, explains a release. Launched in 2024, in collaboration […]

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]]> /dcn/news/economic/2025/04/northbridge-expands-construction-bursaries/feed 0 Tariffs and trepidation for Western ÌìÃÀӰԺ’s construction industry /joc/news/economic/2025/04/tariffs-and-trepidation-for-western-canadas-construction-industry /joc/news/economic/2025/04/tariffs-and-trepidation-for-western-canadas-construction-industry#respond Thu, 24 Apr 2025 11:00:13 +0000 /?p=453843 The recently announced tariffs and counter-tariffs are bad news for the construction industry.  To get an idea of the impact on the western Canadian economy and construction industry, the Journal of Commerce talked to some experts on the subject. Paul de Jong, president and CEO of the Progressive Contractors Association of ÌìÃÀÓ°Ôº, says, “We’re in […]

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