With few exceptions, productivity growth across Canada has been sub-par
It is generally acknowledged that the key to Canada’s longer term economic health is our ability to increase productivity.
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It is generally acknowledged that the key to Canada’s longer term economic health is our ability to increase productivity.
The accompanying table records the 10 largest construction project starts in Canada in January 2010. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the two major non-residential building categories in Canada − total ICI starts and engineering work. ICI stands for industrial, commercial and institutional. There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when job-site work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding. Also, total construction activity is comprised of many small and medium-sized projects and a limited number of very large developments. But the largest projects, simply by their nature, can dramatically affect total dollar and square footage volumes. In other words, the timing and size of these projects have an outsize-influence on market forecasts.
The International Monetary Fund’s outlook for global economic growth is considerably stronger than it projected just three months ago.
The most recent data on bankruptcies in Canada reflect two sharply contrasting developments.
Despite a 3.3% increase in institutional construction in the fourth quarter of 2009, the total value of non-residential construction fell by 2.5%.
In a recent study of the 50 largest metro areas in Canada, the Conference Board of Canada found six that had an optimal mix of factors (or magnets) that made them particularly attractive to newcomers, regardless of their place of origin.
In its just released Winter 2009-10 Business Outlook Survey, the Bank of Canada reports that the net number of firms expecting sales to improve in the next 12 months remains close to the record high reached in the third quarter of 2009.
December 2009 inflation rates have recently been released by government agencies for the U.S. and Canada. For both countries, the month-to-month change was minor, +0.1% in the U.S. and -0.3% in Canada. However, it is the year-over-year figure that gets the headlines and draws the most attention. In the U.S., that number has jumped up to +2.7% from -2.1% just five months before in July. In Canada, it is +1.3% versus -0.8% to -0.9% in July through September of last year. The key question is what impact these inflation rates will have on central bank interest rates.
Based on the latest population data, the median age of Canada’s working-age population aged 15 to 64 is now just over 40 years old, 5.5% older than the 39.5 years reached just 10 years ago.
In the effort to manage the world’s climate, attention has focused primarily on attempting to reduce the output of carbon dioxide, which is of course ubiquitous.
Reed Construction Data Amends Its Lawsuit Against McGraw-Hill Construction Dodge
RSMeans Releases Fourth Edition of the RSMeans Illustrated Construction Dictionary
Upcoming Webcast: 2010 Construction Forecast
Reed’s data collection and reporting resources are up by 40%!


