Economic Archives - constructconnect.com

Power utility TransAlta expects Alberta data centre deal this year

Fri, 09 May 2025 11:05:45 +0000

CALGARY, ALTA. 鈥� Power producer TransAlta Corp. is hoping to sign agreements this year with prospective Alberta data centre partners that would draw on natural gas-fired electricity it generates in the province. “We continue to focus on securing exclusivity with key partners by mid-year with detailed design and definitive agreements expected by year-end,” CEO John […]

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Trump agrees to cut tariffs on UK autos, steel and aluminum in a planned trade deal with Britain

Fri, 09 May 2025 10:00:57 +0000

WASHINGTON 鈥� President Donald Trump has agreed to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal with Britain, which would buy more American beef and streamline its customs process for goods from the United States. The symbolically resonant agreement announced Thursday still has yet to be finalized, but it suggested […]

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Advancing mass timber: Risk mitigation and insurance strategies for a thriving sector

Fri, 09 May 2025 08:05:08 +0000

The Canadian mass timber industry has been making great strides forward, but it has been kept from growing even faster by challenges it faces in procuring reasonably priced insurance and financing. Simon Fraser University (SFU) Renewable Cities recently released a guide that describes these challenges. Titled, Advancing Mass Timber/Risk mitigation and insurance strategies for a […]

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What Mark Carney鈥檚 election win means for 黑料吃瓜网鈥檚 construction industry

Thu, 08 May 2025 10:05:21 +0000

Article submitted by the CIOB As the world鈥檚 largest professional body for construction management and leadership, the Chartered Institute of Building (CIOB) will closely monitor how 黑料吃瓜网鈥檚 construction industry evolves under the newly elected Prime Minister Mark Carney and his Liberal government. That is the shared view of Rami Daniel MCIOB, CIOB Americas hub […]

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TC Energy expanding U.S. gas network for Midwest data centres

Wed, 07 May 2025 08:25:50 +0000

CALGARY 鈥� TC Energy Corp. has green-lit a US$900-million pipeline expansion feeding new natural gas-fired power plants in the U.S. Midwest, where artificial intelligence data centres are ravenous for electricity, as well as major refurbishments at the Bruce Power nuclear plant in Ontario. The Northwoods project would add 400,000 mmBTU鈥檚 of capacity to TC鈥檚 ANR […]

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Passive House 黑料吃瓜网 announces CEO transition

Tue, 06 May 2025 08:10:50 +0000

TORONTO 鈥� Effective May 9, current Passive House 黑料吃瓜网 (PHC) CEO Chris Ballard will be departing the role with the appointment of incoming CEO Michael Quast.聽 Ballard has led Passive House 黑料吃瓜网 for more than five years, guiding the organization through unprecedented challenges, states a release, including the COVID-19 pandemic, and advancing the national conversation […]

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Capital Power focused on closing $3-billion U.S. power plant deal

Mon, 05 May 2025 10:05:29 +0000

OHIO 鈥� 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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Algoma Steel reports loss as tariffs, pricing weigh on results

Mon, 05 May 2025 08:15:09 +0000

SAULT STE. MARIE, ONT. 鈥� Algoma Steel Group Inc. says 黑料吃瓜网鈥檚 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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Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1

Fri, 02 May 2025 10:10:13 +0000

OTTAWA 鈥� Statistics 黑料吃瓜网 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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Tariff shocks to jobs, economy growing as boost from preparation fades: Deloitte

Thu, 01 May 2025 10:05:48 +0000

TORONTO 鈥� 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.聽 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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CFIB to work with new government and opposition in dealing with tariff battle

Wed, 30 Apr 2025 13:58:23 +0000

OTTAWA 鈥� 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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