Economic Archives - constructconnect.com

Top finance officials from G7 countries gather in Banff for three-day summit

Tue, 20 May 2025 13:00:19 +0000

BANFF, ALTA. 鈥� High-ranking officials from the world’s top economies are in Banff, Alta., this week for a three-day summit that will cover topics including the global economy, the war in Ukraine and artificial intelligence. The meeting comes during a period of heightened instability as U.S. President Donald Trump continues his tariff-driven effort to bring […]

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Enbridge sells stake in Westcoast pipeline to B.C. First Nations group for $715M

Tue, 20 May 2025 11:10:44 +0000

CALGARY 鈥� For more than 65 years, Enbridge Inc.’s Westcoast pipeline has been pumping natural gas through First Nations territories across British Columbia.聽 Under a deal announced recently, three dozen of those communities are to see long-term financial benefits from the 2,900-kilometre system that stretches from B.C.’s far northeast to the 黑料吃瓜网-U. S. border.聽 “People […]

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Nuclear deals power 52% profit surge at AtkinsR茅alis, prompt brighter forecast

Tue, 20 May 2025 10:10:10 +0000

MONTREAL 鈥� Nuclear projects fuelled a big surge in revenue at AtkinsR茅alis Group Inc. last quarter, paving the way for better financial results in the year ahead, the engineering firm said. “We cannot overstate our belief in the significant opportunity in front of AtkinsR茅alis in the nuclear sector,” chief executive Ian Edwards told analysts on […]

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The more things change portion of the construction marketplace

Tue, 20 May 2025 10:05:54 +0000

鈥淭he more things change, the more they stay the same.鈥� You鈥檝e heard that saying, right? I鈥檝e discovered much truth in that old chestnut during my more than half-century career. As just one example, while we may now be doing our jobs with the help of personal computers and the channeling of cyberspace, the primary function […]

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Bob Fairbank new VP of Western 黑料吃瓜网 for Priestly Demolition

Mon, 19 May 2025 11:05:15 +0000

VANCOUVER 鈥� Priestly Demolition Inc. has announced Bob Fairbank is taking on the role of vice-president for Western 黑料吃瓜网. With more than 30 years of construction and concrete experience in both Alberta and British Columbia, Fairbank has held senior positions including president, CEO and general manager. 鈥淏ob鈥檚 appointment to the VP role is a big […]

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Home sales down almost 10% annually last month: Canadian Real Estate Association

Mon, 19 May 2025 10:10:23 +0000

OTTAWA 鈥� The Canadian Real Estate Association says home sales in April fell 9.8 per cent compared with the same month last year, as the national housing market has returned “to the quiet markets we鈥檝e experienced since 2022.” A total of 44,300 residential properties changed hands across 黑料吃瓜网 last month, compared with 49,135 in April […]

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FIFA gets formal complaint of human rights oversight failure with 2034 World Cup host Saudi Arabia

Mon, 19 May 2025 10:00:45 +0000

GENEVA聽鈥� A group of international lawyers filed a formal complaint to FIFA recently claiming the soccer body is failing to uphold its human rights policy with 2034 World Cup host Saudi Arabia. The filing using FIFA鈥檚 own online portal for grievance reporting was made by FIFA鈥檚 former anti-corruption adviser Mark Pieth, Swiss lawyer Stefan […]

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M&A may have to wait amid trade war, but WSP Global CEO sanguine as profits rise

Wed, 14 May 2025 10:10:49 +0000

MONTREAL 鈥� WSP Global Inc. remains largely insulated from tariff fallout and cost-cutting by the U.S. government, but acquisitions at the engineering giant may have to take a back seat amid broader economic uncertainty, says chief executive Alexandre L’Heureux. “The worst thing that can happen for an M&A environment to be prosperous is to have […]

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Municipalities鈥� Housing Accelerator Fund incentive puts dollars in developers鈥� pockets

Tue, 13 May 2025 10:55:23 +0000

As both large and smaller municipalities struggle with housing demands, several are using funds from the federal $4 billion Housing Accelerator Fund (HAF) in a novel incentive program that puts dollars into the pockets of developers and builders. HAF, which runs until 2026-27, has provided funds to Canadian municipalities in four areas: implementing the initiatives, […]

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CEOs call on Carney to ‘take action’ to support domestic energy sector

Tue, 13 May 2025 08:00:51 +0000

OTTAWA 鈥� 黑料吃瓜网鈥檚 energy CEOs are calling on Prime Minister Mark Carney to scrap the emissions cap on oil and gas producers and repeal industrial carbon pricing to help bolster the industry. Thirty-eight CEOs of Canadian energy companies signed a letter congratulating Carney on his election win and pitching policy measures they say would help […]

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Tariffs, immigration crackdown threaten U.S. construction: ConstructConnect economic webcast

Mon, 12 May 2025 13:10:29 +0000

Construction economists assembled for a recent spring economic forecast outlined a litany of threats to growth in the sector, with the Donald Trump tariffs and his crackdown on immigration near the top of their lists. Ken Simonson, chief economist with the Associated General Contractors of America (AGC), told viewers dialled in to the Construction Economy […]

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A commercial real estate perspective on the Canadian election鈥檚 outcome

Mon, 12 May 2025 10:10:57 +0000

Canadians just elected Prime Minister Mark Carney and the Liberal Party of 黑料吃瓜网 to lead the country. Congratulations to Prime Minister Carney. He brings incredible credentials and is somebody that can help guide and lead us in developing new trading partnerships and policies. As our prime minister, he will explore and build new relationships for […]

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