Economic Archives - constructconnect.com

CMHC now sees home sales, prices declining in 2026 amid weaker market activity

wp-poster — Mon, 27 Jul 2026 10:00:17 +0000

OTTAWA — Canada Mortgage and Housing Corp. says it now sees home sales and prices declining this year, a downgrade from its earlier forecast, before the market returns to modest growth next year and in 2028. CMHC says a number of factors, including economic uncertainty, slower population growth and borrowing costs, are expected to weigh […]

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BuildForce flags worker pressures as P.E.I. moderates and Newfoundland and Labrador ramps up

wp-poster — Fri, 24 Jul 2026 10:20:15 +0000

BuildForce Canada has released its annual Construction and Maintenance Looking Forward reports for the residential and non-residential construction sectors. This final provincial breakdown pertains to Prince Edward Island and Newfoundland and covers the forecast period from 2026 to 2035. The Daily Commercial News also has national coverage today on our website. CHARLOTTETOWN – According […]

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Alberta, Saskatchewan make compelling case for supplying U.S. with oil: Hoekstra

wp-poster — Thu, 23 Jul 2026 11:05:42 +0000

EDMONTON – The U.S. ambassador to Canada says Alberta and Saskatchewan could make the “most compelling” case to meet the oil needs of the United States. Pete Hoekstra says the U.S. needs to find three to four million more barrels of oil per day over the next decade and that Canada is one of the […]

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Major Manitoba non-res projects, Saskatchewan homebuilding drive Prairie construction outlook

wp-poster — Thu, 23 Jul 2026 10:30:02 +0000

BuildForce Canada has released its annual Construction and Maintenance Looking Forward reports for the residential and non-residential construction sectors. This particular story pertains to Manitoba and Saskatchewan and covers the forecast period from 2026 to 2035. The Daily Commercial News will have more provincial breakdowns from across Canada as well as national coverage in […]

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BuildForce forecasts diverging construction outlooks for Nova Scotia and New Brunswick

wp-poster — Thu, 23 Jul 2026 10:25:02 +0000

BuildForce Canada has released its annual Construction and Maintenance Looking Forward reports for the residential and non-residential construction sectors. This particular story pertains to Nova Scotia and New Brunswick and covers the forecast period from 2026 to 2035. The Daily Commercial News will have more provincial breakdowns from across Canada as well as national […]

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Economists see encouraging signs in June inflation report beyond gas price break

wp-poster — Thu, 23 Jul 2026 10:05:16 +0000

OTTAWA — Lower gas prices were the major force pulling the headline inflation rate down in June but economists weighing on the latest price data found even more encouraging signs under the hood of Statistics Canada’s report. Inflation slowed to 2.8 per cent in June, StatCan said, down from the recent high of 3.2 per […]

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Quebec outlook buoyed by non-residential projects as housing slows: BuildForce

Daily Commercial News — Wed, 22 Jul 2026 12:47:52 +0000

BuildForce Canada has released its annual Construction and Maintenance Looking Forward reports for the residential and non-residential construction sectors. This particular story pertains to Quebec and covers the forecast period from 2026 to 2035. The Daily Commercial News will have more provincial breakdowns from across Canada as well as national coverage in upcoming articles […]

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Pipelines and megaprojects help fuel Alberta construction growth to 2035: BuildForce

wp-poster — Wed, 22 Jul 2026 11:20:25 +0000

BuildForce Canada has released its annual Construction and Maintenance Looking Forward reports for the residential and non-residential construction sectors. This particular story pertains to Alberta and covers the forecast period from 2026 to 2035. The Daily Commercial News will have more provincial breakdowns from across Canada as well as national coverage in upcoming articles. […]

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Trump’s new tariffs target about 5 per cent of Canada’s exports to U.S.: economists

Daily Commercial News — Tue, 21 Jul 2026 14:36:41 +0000

OTTAWA — Economists weighing in on U.S. President Donald Trump’s latest round of tariffs suggest the new duties will hit around five per cent of Canada’s exports to the United States. Trump signed a series of executive orders Monday that would impose a 50 per cent tariff on a range of goods, from honey to […]

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B.C. construction forecast points to residential pullback, short-term non-residential boost

Daily Commercial News — Tue, 21 Jul 2026 11:20:12 +0000

BuildForce Canada has released its annual Construction and Maintenance Looking Forward reports for the residential and non-residential construction sectors. This particular story pertains to British Columbia and covers the forecast period from 2026 to 2035. The Daily Commercial News will have more provincial breakdowns from across Canada as well as national coverage in upcoming articles […]

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AtkinsRéalis, Scout Engineering sign MOU to advance Indigenous partnership

wp-poster — Tue, 21 Jul 2026 11:10:56 +0000

CALGARY, ALTA. – Engineering firm AtkinsRéalis and Scout Engineering & Consulting Ltd., a 100 per cent Indigenous-owned firm, have signed a Memorandum of Understanding (MOU) to jointly pursue engineering, infrastructure, social and related project opportunities. “Combining Scout’s community-grounded technical expertise, Indigenous knowledge and strong community relationships with AtkinsRéalis’ end-to-end capabilities in engineering, design and project […]

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CMHC reports annual rate of housing starts in June down six per cent from May

wp-poster — Tue, 21 Jul 2026 10:05:27 +0000

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell six per cent compared with May. The national housing agency says the seasonally adjusted rate of housing starts came in at 238,971 units in June compared with 253,083 in May. The six-month moving average of the seasonally adjusted […]

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