Economic Archives - constructconnect.com Canada's construction news Thu, 30 Apr 2026 12:43:24 +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 Bank of Canada holds key rate steady but warns future movements unclear /dcn/news/economic/2026/04/bank-of-canada-holds-key-rate-steady-but-warns-future-movements-unclear Thu, 30 Apr 2026 12:42:43 +0000 /?p=533856 OTTAWA — The Bank of Canada held its benchmark interest rate steady for a fourth consecutive time Wednesday, but officials warned uncertainty over the war in Iran and the future of U.S. tariffs could push the policy rate either higher or lower in the coming months. The policy rate remains at 2.25 per cent after […]

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]]> Barometer 2026: Canadians still believe sustainable construction is a priority /dcn/news/economic/2026/04/barometer-2026-canadians-still-believe-sustainable-construction-is-a-priority Thu, 30 Apr 2026 10:05:55 +0000 /?p=533642 OTTAWA – The fourth edition of the Sustainable Construction Barometer shows despite economic and global tensions, and a housing crisis, a majority of Canadian industry stakeholders and citizens (68 per cent and 53 per cent respectively) still believe implementing more sustainable construction should be a priority. There is a slight decrease among stakeholders compared to a […]

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]]> Windmill reshapes executive team as $5B Ontario pipeline grows /dcn/news/economic/2026/04/windmill-reshapes-executive-team-as-5b-ontario-pipeline-grows Wed, 29 Apr 2026 10:20:32 +0000 /?p=533528 OTTAWA — Residential and commercial developer Windmill Development Group has announced it is expanding its executive leadership team as the company enters a new phase of growth. Founder Jonathan Westeinde is transitioning from CEO to serve as executive chair of the company’s board. As a result, executive Jeremy Reeds is moving into the CEO role, having most recently […]

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]]> Questerre selling its minority stake in its Kakwa Central assets /joc/news/economic/2026/04/questerre-selling-its-minority-stake-in-its-kakwa-central-assets Tue, 28 Apr 2026 11:00:54 +0000 /?p=533527 CALGARY, ALTA. — Questerre Energy Corp. is selling its minority stake in its Kakwa Central assets in Alberta for $23.5 million in cash. The company says the deal includes the assumption of decommissioning liabilities and its commitments under its firm transportation and processing contracts. Questerre chief executive Michael Binnion says the sale strengthens the company’s […]

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]]> New Brunswick sets goal of boosting economy by 10 per cent by 2030 /dcn/news/economic/2026/04/new-brunswick-sets-goal-of-boosting-economy-by-10-per-cent-by-2030 Tue, 28 Apr 2026 10:15:45 +0000 /?p=533525 FREDERICTON — The New Brunswick government says it’s aiming to grow its economy by 10 per cent within the next four years.  Its new economic development strategy calls for increasing productivity, attracting investment and helping New Brunswick companies reach new markets. Analysts say the Maritime province has been among the hardest hit by U.S. tariffs, […]

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]]> Canada’s export push fuels nonresidential construction as cross-border friction grows /dcn/news/economic/2026/04/canadas-export-push-fuels-nonresidential-construction-as-cross-border-friction-grows Mon, 27 Apr 2026 10:20:32 +0000 /?p=533401 The year 2025 was marked by heightened tensions between Canada and its largest trading partner, the United States. This friction primarily stemmed from tariffs imposed on key Canadian industries. As a result, Canada’s share of U.S. imports dropped from 12.6 per cent in 2024 to 11.2 per cent in 2025 — the second-largest decline among […]

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]]> Eastern Construction at 75: New president, mass timber focus and sustainable growth /dcn/news/economic/2026/04/eastern-construction-at-75-new-president-mass-timber-focus-and-sustainable-growth Mon, 27 Apr 2026 10:10:22 +0000 /?p=533408 Eastern Construction Company Limited is celebrating its 75th anniversary, having come a long way from its beginnings as a Windsor, Ont. contractor with a small staff and modest agenda. While the company is now based in the Greater Toronto Area and is known for its complex ICI projects, president and CEO Dean Walker still identifies […]

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]]> CHBA reports near record-low builder confidence in housing market /dcn/news/economic/2026/04/chba-reports-near-record-low-builder-confidence-in-housing-market Mon, 27 Apr 2026 10:05:07 +0000 /?p=533403 OTTAWA – From coast-to-coast builder confidence is on the decline, the Canadian Home Builders’ Association (CHBA)’s recently released Q1 2026 Housing Market Index (HMI) shows. Even regions like Atlantic Canada and the Prairies that had been weathering the trade-war storm are now slowing. The CHBA’s HMI is an analysis of homebuilder sentiment and is an […]

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]]> Missing Middle Conference ventures to Vancouver to discuss all things housing /joc/news/economic/2026/04/missing-middle-conference-ventures-to-vancouver-to-discuss-all-things-housing Fri, 24 Apr 2026 11:05:20 +0000 /?p=533369 VANCOUVER — On May 8 the country’s most active developers, builders, policy-makers and capital allocators will converge at the Fairmont Pacific Rim in Vancouver for the Missing Middle Conference (MMC), a one-day affair dedicated to building the townhomes, multiplexes and low-rise apartments Canada needs at scale. According to a release, the country needs 3.5 million […]

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]]> CarbonCure appoints Yuliya Kravtsov as new CEO /dcn/news/economic/2026/04/carboncure-appoints-yuliya-kravtsov-as-new-ceo Fri, 24 Apr 2026 10:15:24 +0000 /?p=533302 HALIFAX, N.S. — CarbonCure Technologies, a COâ‚‚ utilization solution for cement efficiency and reduced emissions in concrete production, has announced the appointment of Yuliya Kravtsov as its new CEO. With more than two decades of executive experience, she brings 15 years in the building materials field specifically, most recently serving as head of integration at […]

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]]> Oilsands have strong growth potential, but pipeline constraints loom: Enverus /joc/news/resource/2026/04/oilsands-have-strong-growth-potential-but-pipeline-constraints-loom-enverus Thu, 23 Apr 2026 07:18:01 +0000 /?p=533245 CALGARY, ALTA. – Western Canadian oil production can grow by about one million barrels per day over the next seven years, driven mainly by expansions to existing steam-driven oilsands projects, says a new report from Enverus Intelligence Research.  But it can take years to plan and build such projects, so producers have a limited ability […]

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]]> Commercial real estate market at turning point as vacancies drop: report /dcn/news/economic/2026/04/commercial-real-estate-market-at-turning-point-as-vacancies-drop-report Wed, 22 Apr 2026 10:38:53 +0000 /?p=533084 OTTAWA – Canada’s commercial real estate sector could be at a turning point after the national vacancy rates for both office and industrial properties simultaneously declined for the first time since 2020, a new analysis has found. The report from Colliers International said the national office vacancy rate was 13.6 per cent in the first […]

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