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A spate of bad news about U.S. housing but watch for American resilience

The U.S. has recently received an additional spate of bad news concerning its housing market. Since the expiry of the tax credit on April 30th, homebuyers have become an endangered species and both developers and real estate professionals are finding it a hard scrabble to make sales. Show More Summary

Montreal is approaching 2011 at full speed

As Montreal heads into the second half of 2010, it’s clear that the city must be doing something right.

Wage settlements in public sector continue to outpace private sector

According to the Ontario Collective Bargaining Review, 2,025 collective agreements were negotiated in 2009.

Go big, get eaten or seek government protection

Much can be learned about the economy by analyzing shifts between the five major asset classes – stocks, bonds, currencies, commodities and real estate. These investment vehicles are linked together in complicated ways, often moving in tandem, but at other times inversely. Currently, North American investor interest is mainly focusing on the stock markets.

Strong fundamentals driving Kitchener-Waterloo into 2011

Kitchener, Ont.’s economy is heading into the second half of 2010 in high gear, based on the employment report for July and the building permits statistics for June.

The phrase ‘jobless recovery’ oversimplifies the message

U.S. employment fell by 131,000 in July, the Bureau of Labor Statistics recently reported. This was less than June’s decline of 221,000, but it was disappointing nonetheless after the substantial month-to-month gains earlier in the year. Show More Summary

Chicago’s economic health is still fragile, but slowly improving

Given that Chicago’s June unemployment rate – 10.6% – is more than a full percentage point above the national average of 9.5%, it is clear that the Windy City’s economic health is still fragile and that a full recovery is months awa...

Economic health of Austin, Texas is second to none

Among the 50 largest metro areas in the country, the economic health of Austin, Texas is second to none, according to the June 2010 employment report.

Twenty large upcoming medical and educational construction projects — August 2010

The accompanying tables show 20 of the largest upcoming medical and education construction projects. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations.

Infrastructure Stimulus Fund: Better late than never

It’s been a challenge to assess the impact on the economy of the Infrastructure Stimulus Fund (ISF), introduced by the federal government in the 2009 budget.

After a pause, growth in U.S. and Canada should regain momentum

Over the past several weeks, there has been an increase in concern about the health of the U.S. economy.

Although the housing market is still quite warm, it’s starting to cool

Housing demand in Canada’s six major cities was still quite strong midway through the second quarter, based on the most recent (April) Teranet/National Bank House Price Index.

Lumber supply, employment in B.C. will feel mountain pine beetle’s bite

One of the major clouds hanging over British Columbia’s economy and forest products industry is uncertainty about the mountain pine beetle epidemic.

Top 10 and trend graph - July 2010

The accompanying table records the 10 largest construction project starts in Canada in July 2010. This looks at 12-month moving totals of the two major non-residential building categories in Canada ? total ICI starts and engineering work. ICI stands for industrial, commercial and institutional.

Don’t sweat climate change, Nobel Prize-winning physicist says

The construction industry is a major energy consumer. Given recent concerns about the significant potential impact of carbon taxes and/or cap and trade legislation on all energy consumers, it is useful to try and get some perspective on the world’s current “hot” button issue: climate change.

U.S. economy becalmed in summer doze

The most recent data releases south of the border provide further evidence that the U.S. economy has gone into a summer doze.

Canada’s auto sector is producing more cars, but not more jobs

In a recent analysis of the health of the Canadian auto manufacturing industry a year after the government bailout of General Motors and Chrysler, Dennis DesRosiers, Canada’s leading automotive industry analyst, made a number of insightful observations.

U.S. housing market is more dynamic than first appears

To all appearances, the U.S. housing market is moving sideways. That is what several recent data releases suggest. June new home sales increased to 330,000 units from their cyclical low point of only 267,000 units the month before. However, this still left them at the same depressed level where they have been for most of the past year and a half. Show More Summary

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