Economic Archives - constructconnect.com Canada's construction news Mon, 30 Jun 2025 16:43:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2021/10/cropped-favicon-32x32-1-32x32.png Economic Archives - constructconnect.com 32 32 G architects and Lebel & Bouliane Launch Studio INNOCA /dcn/news/economic/2025/07/g-architects-and-lebel-bouliane-launch-studio-innoca Tue, 01 Jul 2025 10:25:52 +0000 /?p=488144 TORONTO — G architects and Lebel & Bouliane have announced the launch of Studio INNOCA, a partnership dedicated to delivering future-focused environments for Canada’s tech, health and life sciences industries. “Combining G’s deep expertise in lab and clinical design with Lebel & Bouliane’s award-winning interiors and workplace strategy, Studio INNOCA brings together an integrated design […]

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]]> Trade clarity to help Canada’s economy rebound after modest recession: Deloitte /dcn/news/economic/2025/07/trade-clarity-to-help-canadas-economy-rebound-after-modest-recession-deloitte Tue, 01 Jul 2025 10:10:59 +0000 /?p=488127 OTTAWA — Some economists are putting an increasingly optimistic slant on Canada’s tariff dispute with the United States, arguing the economy should be able to avoid “worst-case” scenarios from the trade war. That doesn’t mean the Canadian economy gets off scot-free — a new forecast published by Deloitte Canada calls for a modest recession to […]

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]]> Altus report reveals 41,000 jobs, $10B at risk in GTA housing market /dcn/news/economic/2025/06/altus-report-reveals-41000-jobs-10b-at-risk-in-gta-housing-market Mon, 30 Jun 2025 10:25:33 +0000 /?p=488065 TORONTO — A new article by Altus Group, prepared for the Building Industry and Land Development Association (BILD) and the Ontario Home Builders’ Association (OHBA), states without significant intervention to jump-start the housing sector, almost 50 per cent of residential construction sector jobs in the Greater Toronto Area (GTA) are at risk. It also reveals […]

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]]> Climate change, inflation and shortages impacting contractor insurance coverage /dcn/news/economic/2025/06/climate-change-inflation-and-shortages-impacting-contractor-insurance-coverage Mon, 30 Jun 2025 10:15:28 +0000 /?p=488046 Climate change, inflation, plus material and labour shortages, are all tossing new challenges to construction companies, including the need to review insurance coverage and often-ignored items such as soft costs, according to a national construction insurance manager. “Historically, we saw one in 10 (contractors take out the soft costs insurance),” said Brian Crane, construction underwriter […]

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]]> B.C. billionaire Ruby Liu gets keys to first retail store once owned by The Bay /joc/news/economic/2025/06/b-c-billionaire-ruby-liu-gets-keys-to-first-retail-store-once-owned-by-the-bay Fri, 27 Jun 2025 13:30:59 +0000 /?p=488008 DELTA, B.C. — British Columbia billionaire Ruby Liu has received the keys to a store taken over from Hudson’s Bay, the first of more than two dozen that she has her eyes on. Liu plans to turn the former Saks OFF 5th store in the Tsawwassen Mills mall in Delta, B.C., into a cultural, tourist […]

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]]> Tariff tensions spark a development evolution: Arcadis /dcn/news/economic/2025/06/tariff-tensions-spark-a-development-evolution-arcadis Fri, 27 Jun 2025 10:05:39 +0000 /?p=487908 Tariff tensions have left parts of Canada’s development sector hesitant but the slowdown in construction is sparking new ways to improve the industry beyond trade frictions with the U.S. “Everyone’s thinking is evolving around how we can improve matters,” says Audrey Jacob, managing director for Places Canada, Arcadis, a global design, engineering and consultancy firm. […]

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]]> Inflation holds steady at 1.7% in May as rent hikes cool /dcn/news/economic/2025/06/inflation-holds-steady-at-1-7-in-may-as-rent-hikes-cool Thu, 26 Jun 2025 10:05:17 +0000 /?p=487796 OTTAWA — The annual pace of inflation held steady at 1.7 per cent in May as cooling shelter costs helped tame price pressures, Statistics Canada said recently. Shelter costs rose three per cent in May, StatCan said, marking a slowdown from 3.4 per cent in April. The agency singled out Ontario as the major source […]

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]]> Maple Reinders sells AIM Group Ltd. /dcn/news/economic/2025/06/maple-reinders-sells-aim-group-ltd Wed, 25 Jun 2025 10:05:17 +0000 /?p=487671 MISSISSAUGA, ONT. — Maple Reinders Group has announced the divestiture of its majority-owned subsidiary company, AIM Group Ltd., to Convertus Canada. According to a release, for over two decades, the AIM Group has been a partner in the Maple Reinders portfolio, assisting the firm in delivering advanced and sustainable environmental solutions for public and private […]

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]]> Hudson’s Bay receives approval for sale of three leases to B.C. mall owner Ruby Liu /joc/news/economic/2025/06/hudsons-bay-receives-approval-for-sale-of-three-leases-to-b-c-mall-owner-ruby-liu Tue, 24 Jun 2025 11:15:11 +0000 /?p=487624 TORONTO — A B.C. billionaire has landed court approval to take over leases for three Hudson’s Bay properties in malls she owns. Ontario Superior Court judge Peter Osborne granted Ruby Liu permission to buy the Tsawwassen Mills, Mayfair Shopping Centre and Woodgrove Centre leases for $6 million. Osborne says he is satisfied with the deal. […]

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]]> What goes around: Perkins&Will Vancouver wins award for commitment to circularity /dcn/news/economic/2025/06/what-goes-around-perkinswill-vancouver-wins-award-for-commitment-to-circularity Tue, 24 Jun 2025 10:00:16 +0000 /?p=487515 Perkins&Will Vancouver has won in the Commitment to Circularity category at the 2025 Carbon Leadership Forum in British Columbia (CLF BC) Embodied Carbon Awards.   The award is for “exceptional initiatives and projects that embrace and tangibly advance circularity or circular concepts within the B.C. building sector.” “We’re very excited to win the award,” says […]

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]]> CAPP survey shows oilpatch spends billions on Indigenous-affiliated businesses /joc/news/economic/2025/06/capp-survey-shows-oilpatch-spends-billions-on-indigenous-affiliated-businesses Mon, 23 Jun 2025 11:00:16 +0000 /?p=487439 CALGARY, ALTA. — A survey commissioned by the Canadian Association of Petroleum Producers (CAPP) shows oil and gas companies spent more than $14 billion procuring goods and services from Indigenous-affiliated businesses between 2021 and 2023. Data science firm iTOTEM Analytics collected numbers from 12 members of the industry advocacy group that together represent half of […]

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]]> ‘Let’s horse trade’: How tariffs are impacting Canadian construction contracts /dcn/news/economic/2025/06/lets-horse-trade-how-tariffs-are-impacting-canadian-construction-contracts Mon, 23 Jun 2025 10:30:48 +0000 /?p=487433 U.S. President Donald Trump’s on-again, off-again tariffs, and the cloud of uncertainty they’ve cast over economies around the globe, will have implications for Canada’s construction industry and could affect language in future contracts, according to senior lawyers at Dentons Canada LLP in Toronto. Karen Groulx, a partner, and Dragana Cerovina, a senior associate at the firm, […]

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