Economic Archives - constructconnect.com

Retailers face tougher search for space as �鶹��ýӳ�� drops to 10-year low: JLL

wp-poster — Fri, 09 Oct 2026 10:00:12 +0000

TORONTO — Store owners might be having a harder time finding rental properties as the amount of retail space under �鶹��ýӳ�� in major Canadian markets dropped to its lowest level in a decade. Retail �鶹��ýӳ�� starts amounted to 1.5 million square feet in the first half of this year, commercial real estate firm JLL said […]

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Bank of �鶹��ýӳ��’s key rate ‘too blunt’ to fix housing unaffordability: official

wp-poster — Thu, 08 Oct 2026 10:15:23 +0000

OTTAWA — A top official at the Bank of �鶹��ýӳ�� says monetary policy-makers are struggling to find new tools and pathways to address persistent housing affordability challenges. Senior deputy governor Carolyn Rogers gave a speech in Victoria, B.C., recently that laid out the complex interplay between housing, regulation, the economy and the Bank of �鶹��ýӳ��. […]

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Cenovus Energy looks to grow as it signs $5.7B deal to buy Athabasca Oil

wp-poster — Wed, 07 Oct 2026 11:10:03 +0000

CALGARY, ALTA. — Cenovus Energy Inc. is adding to its already hefty steam-driven oilsands holdings with a $5.7-billion cash-and-stock deal to buy Athabasca Oil Corp., and its chief executive says recent government policy shifts will help unlock production growth from the properties it’s acquiring. Athabasca has 40,000 barrels per day of oilsands production currently, but […]

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Emera to buy Canadian Utilities to create $72B energy ‘powerhouse’

Daily Commercial News — Wed, 07 Oct 2026 10:25:54 +0000

CALGARY, ALTA. — Emera Inc. and Canadian Utilities Ltd. are joining up in an all-stock merger, forming an energy “powerhouse” worth $72 billion that would rank among the continent’s largest utilities. The company brings together the Halifax-based utility which also has operations in the United States and the Caribbean with Calgary-based Canadian Utilities, which […]

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WSP to acquire energy consulting firm GCM Corpo

wp-poster — Wed, 07 Oct 2026 10:05:33 +0000

MONTREAL — WSP Global Inc. has entered into an agreement to acquire GCM Corpo Inc., a Canadian provider of engineering consulting and specialist services for the energy and industrial sectors. The company has a presence in Québec, Western and Atlantic �鶹��ýӳ��, explains a release, and employs approximately 600 professionals, serving clients in a broad range […]

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Economic info at your fingertips: ConstructConnect launches Canadian Construction Economy Snapshot

Daily Commercial News — Tue, 06 Oct 2026 14:21:39 +0000

ConstructConnect has just launched the Canadian Construction Economy Snapshot, a new monthly report on the country’s �鶹��ýӳ�� market and the trends behind it. Each month, we’ll break down �鶹��ýӳ�� starts data across the nonresidential building, civil and residential sectors, both nationally and provincially. The report will also include starts data down to the subcategory level, […]

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Alberta �鶹��ýӳ�� looks at what separation from �鶹��ýӳ�� could bring

wp-poster — Tue, 06 Oct 2026 11:00:07 +0000

On Oct. 19 Albertans will vote on 10 referendum questions on immigration policy, constitutional reform and the province’s place in �鶹��ýӳ��. The 10th question offers two stark choices. It asks whether Alberta should remain in Confederation or if the provincial government should hold a binding referendum on whether it should separate from �鶹��ýӳ��. The upcoming […]

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Pomerleau completes acquisition of Quebec’s Groupe ALLEN

Daily Commercial News — Tue, 06 Oct 2026 10:30:33 +0000

MONTREAL — Pomerleau has announced it has completed the acquisition of Groupe ALLEN, a Quebec-based general contractor that specializes in water treatment, process mechanics, directional drilling, formwork and earthworks. “Investment needs in water infrastructure are expected to continue growing over the coming decades due to aging assets, population growth and evolving environmental requirements,” reads a release. […]

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Strong demand for premium office space leading to landlord’s market: CBRE report

wp-poster — Tue, 06 Oct 2026 10:05:05 +0000

TORONTO — Strong demand in �鶹��ýӳ��’s office market is shifting the advantage in lease negotiations toward landlords, as a new report says net leasing activity remained positive for a fifth consecutive quarter. CBRE said the net absorption of office space across the country totalled two million square feet in the third quarter of this year, […]

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Suncor sells stakes in several Newfoundland offshore oil projects to Ithaca Energy

Daily Commercial News — Tue, 06 Oct 2026 09:55:36 +0000

CALGARY, ALTA. — Suncor Energy Inc. announced Sunday that it signed a deal to sell its shares in several offshore oil assets off the east coast of �鶹��ýӳ�� to Ithaca Energy plc., which is based in the United Kingdom. In a news release, Calgary-based Suncor Energy said Ithaca would buy its interests in the Terra […]

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Promoting your best worker might be a mistake, says BUILDFest speaker

wp-poster — Mon, 05 Oct 2026 11:00:54 +0000

The best person on a �鶹��ýӳ�� site may not be the ideal choice for its next leader. Graham Construction operational lead Tariq Shobad cautioned while a leadership role is often the next step up the promotion ladder, it isn’t always the best fit for either workers or management. He made the remarks at a talk […]

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July GDP was flat despite �鶹��ýӳ��, utilities gains: StatCan

wp-poster — Fri, 02 Oct 2026 10:15:09 +0000

OTTAWA — Statistics �鶹��ýӳ�� said gross domestic product growth was essentially unchanged in July, coming down from a strong second quarter for the economy. The agency said the result came despite a 1.3 per cent gain for the �鶹��ýӳ�� sector in July, which marked its fourth consecutive month of growth after declines in late 2025 […]

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