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HEADLINES
Construction GDP grows - just
December 24, 2009 - Data released yesterday by Statistics Canada shows October 2009 construction gross domestic product (GDP) growing by 0.1 per cent from September to October 2009, reducing the year over year decline from October 2008 to October 2009 to 7.0 per cent.
Caterpillar sales slump
December 18, 2009 - Today’s Wall Street Journal quotes Caterpillar, the
world's largest manufacturer of construction machinery by sales, as saying that
world-wide machinery sales declined 45% in the three-month period ended in November,
compared with the same period a year earlier. Global sales were down 50% for
the three months ended in October and down 52% in September.
The other side of the coin
December 15, 2009 – An article in yesterday’s
Chilliwack Progress (B.C.) quoted a rare alternative viewpoint in the aggregate
approval process.
Politics & Construction
December 11, 2009 – The Globe &
Mail reported yesterday that “the lion's share of construction
contracts awarded without public tenders since last April by the Ministry of
Transportation have gone to donors of the Quebec Liberal Party, according to
figures compiled by the Action Démocratique du Québec party.
Emerging from recession
December 5, 2009 – Statistics Canada’s Labour Force
Survey for November 2009 was released yesterday and shows a Canada emerging from
recession.
GTA REALTORS report double November resales
December
4, 2009 – In a Toronto Real Estate Board reported released yesterday, Greater
Toronto Realtors reported 7,446 sales in November. This figure is slightly more
than double the November 2008 result when GTA home sales had dipped markedly
due to the economic downturn. Year-to-date sales were up 14 per cent compared
to the first 11 months of 2008.
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