Canadian Economic Outlook

April 24, 2014

Forest products and gas will continue to fuel B.C.’s economy in the near term

Approaching the mid-point of the year, there is clear evidence that the tailwind of stronger global growth in general, and in the U.S. in particular, is making a significant positive contribution to growth in British Columbia.

April 24, 2014

As of April 7, Canada became a far more interesting country

As of April 7, Canada became a much more interesting place.

April 23, 2014

Uncorking the economic potential of St. Catharines–Niagara Falls

For anyone who hasn’t visited Niagara Falls in a decade or so, the most astonishing initial sight is skyscrapers rising into the clouds to the east of the Queen Elizabeth Way.

April 22, 2014

Just as aging seniors are lowering unemployment, along comes robotics (Part 2)

From a purely engineering perspective, 3-D printing is allowing researchers to build, modify and make repairs to robotic machines quicker and easier

April 21, 2014

Just as aging seniors are lowering unemployment, along comes robotics (Part 1)

A major fallout from the Great Recession in 2008-2009 was exceptionally high levels of unemployment around the world.

April 16, 2014

Big leaps in both U.S. and Canadian jobs in March

It’s on occasions such as this that it’s good to be an economist. That’s because it’s more fun delivering positive rather than negative news.

April 15, 2014

Are the stock markets marching in front of or lagging behind the news?

The major U.S. stock market indices have maintained a sweet and steady groove, with the S&P 500 setting a new all-time high on March 21 and the Dow Jones Industrials index sitting just below its record peak.

April 11, 2014

Canada’s long-term construction outlook puts the recession in its rearview mirror (Part 2)

Automation, low-cost labour elsewhere and a Canadian dollar at or above parity with the U.S. greenback have undercut the livelihoods of many assembly line workers.

April 10, 2014

Expect Canada’s housing bubble to go psssssst and not pop!

The health of Canada’s housing market has been questioned recently by a number of external observers including the OECD and the The Economist magazine. Based primarily on the ratio of price to rent, they, and a number of other analysts, have concluded that Canada’s housing market is seriously overinflated and in danger of experiencing a meltdown similar to what happened in the U.S. six years ago.

April 9, 2014

Canada’s long-term construction outlook puts the recession in its rearview mirror (Part 1)

The tables accompanying this Economy at a Glance (Parts 1 and 2) set out CanaData’s latest put-in-place investment forecasts.

April 8, 2014

Verbal sparring matches and ethical dilemmas (Part 2)

Over the last several years, four of the best labour markets in the country have been in the energy-rich provinces of Alberta and Saskatchewan. At various times, Regina, Saskatoon, Calgary and Edmonton has each taken a turn at recording the lowest unemployment rate in the country or the highest percentage-change of year-over-year employment growth.

April 7, 2014

Verbal sparring matches and ethical dilemmas (Part 1)

The BMO (Bank of Montreal) is back to its old tricks. In this round, it is Canada’s first major financial institution to lower the five-year conventional mortgage rate below 3.00%.

April 4, 2014

Canada may or may not be winning the population game (Part 2)

With respect to the land mass of countries around the globe, Canada (10.0 million square kilometres) is second only to Russia (17.1 million), although we’re only marginally ahead of China (9.6 million). We have a bit more of an advantage over America (9.4 million).

April 1, 2014

Canada may or may not be winning the population game (Part 1)

Statistics Canada’s Jan. 1, 2014,population estimate for our nation is 35.3 million, a gain of 1.2% over the past year.

March 31, 2014

CanaData’s Latest Investment Put-in-place Construction Forecasts - March 2014

CanaData’s latest investment put-in-place construction forecasts – in both current and “constant” (i.e., adjusted for inflation) dollars – are set out in a series of tables below.

March 31, 2014

Little reason to go overboard with enthusiasm about industrial construction

According to the latest measurements from Statistics Canada, the “headline” capacity utilization rates in the nation’s economy moved in the right direction to encourage more industrial construction.

March 27, 2014

Stronger domestic demand should give Quebec’s economy a boost in 2014 & 2015

Despite a 3.1% year-over-year gain in exports, due mainly to faster growth in the the U.S., the Quebec economy lost momentum over the course of 2013 and into the first quarter of 2014.

March 26, 2014

Retail construction has more upward potential in the U.S. than Canada

Because consumer spending is such a large part of the national economy, retail construction can almost always be counted on to provide a decent base-level of construction activity.

March 25, 2014

Thirteen mid-March economic nuggets

It seems there’s always something. The beginning of this year has been plagued by truly dismal weather. It’s been one of the worst winters on record, with businesses shut down in many parts of the U.S. and Canada for various stretches of time and often on more than one occasion.

March 19, 2014

A sigh of relief accompanies U.S. February labour report

Thank goodness! We needed that. The Bureau of Labor Statistics’ February Employment Situation Report has let some sunshine and fresh air into the room.


These projects have been selected from 479 projects with a total value of $1,224,678,004 that Reed Construction Data Building Reports reported on Wednesday.


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$33,500,000 Port Moody BC Prebid


$30,000,000 Calgary AB CANCELLED/ DEFERRED

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