News
Middle East conflict heightens construction cost uncertainty says T&T economist
21+ hour, 32+ min ago (619+ words) An economist with construction forecasting consultant Turner & Townsend says the conflict in the Middle East adds another layer of uncertainty to material costs in 2026. Kris Hudson, Toronto-based economist and director at Turner & Townsend, recently addressed market cost conditions following up…...
Carney says economic plan "settling in" after Canada enters recession territory
6+ day, 9+ hour ago (179+ words) OTTAWA " Prime Minister Mark Carney says the government's plan to build up the economy is "settling in" as work continues on getting major projects built and expanding non-U. S. trade relationships. These are the prime minister's first public comments about the…...
Inflation rises to 2. 8% in April thanks to higher gas prices: Stat Can
2+ week, 4+ day ago (378+ words) OTTAWA " Higher gas prices driven mainly by the war in Iran pushed the annual rate of inflation up to 2. 8 per cent in April, Statistics Canada reported recently " the fastest pace of price hikes in almost two years. Stat Can said…...
U. S. home sales flat in April as lackluster spring homebuying season lurches forward
3+ week, 4+ day ago (664+ words) WASHINGTON " Sales of previously occupied U. S. homes were essentially flat in April, another lackluster showing for the housing market during what's traditionally its busiest time of the year. Existing home sales edged up 0. 2% last month from March to a seasonally adjusted…...
Canada loses 18, 000 jobs in April, unemployment rate rises to 6. 9%
3+ week, 6+ day ago (221+ words) OTTAWA " Statistics Canada's recent labour force survey showed a slight drop in jobs in April as the unemployment rate climbed higher. The agency said the economy shed 18, 000 jobs in April, following an increase of 14, 000 jobs in March. The loss came…...
Statistics Canada says real GDP rose 0. 2 per cent in February
1+ mon, 5+ day ago (379+ words) OTTAWA " Statistics Canada says the economy was growing for a fourth straight month in February, though there were signs momentum was fading toward the end of the first quarter. The agency said a 0. 2 per cent increase in real gross domestic…...
Prime Minister Mark Carney announces Canada's 1st sovereign wealth fund
1+ mon, 1+ week ago (95+ words) OTTAWA " Prime Minister Mark Carney is unveiling the country's first national sovereign wealth fund, which will begin at $25 billion. Carney says the fund will invest in major Canadian industrial projects in areas such as energy, infrastructure, mining, agriculture and technology....
Canada adds 14, 000 jobs in March, keeping unemployment rate at 6. 7%
1+ mon, 3+ week ago (397+ words) OTTAWA " Statistics Canada reported a modest rebound in the labour market in March after two consecutive months of job losses to start the year. The agency said employers collectively added 14, 000 jobs in March, roughly in line with economists" expectations. The…...
The Challenges Facing the New Head of the Federal Reserve
1+ mon, 3+ week ago (382+ words) Barring unforeseen circumstances, Kevin Warsh will soon replace Jerome Powell as'Chairman of the Federal Reserve. Mr. Powell's term ends May 15th, but Mr. Warsh must first clear Senate confirmation. Once seated, he will confront a tricky economic landscape. Mainly through interest…...
U. S. builders face cost surge as ongoing Iran tensions, uncertainty rattle supply chains
2+ mon, 1+ hour ago (776+ words) The cost of building in the U. S. is climbing and construction industry leaders warn global tension and instability " particularly the ongoing conflict involving Iran " is poised to push prices even higher, which will deepen challenges for contractors, developers and homebuyers alike....