Canada’s Construction Starts through November Demonstrate the Drop in Business Confidence

Abstract:
CanaData’s construction starts statistics remained down about 20% on a year-to-date basis in November 2008, versus the same period in 2007. Grand total starts (i.e., residential, plus ICI, plus engineering) for the country as a whole were -23% in square footage and -18% in dollar volume, due to a downturn in general economic activity.

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