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Outlook positive for commercial construction into 2012


July 29, 2011
By John Clinkard | Daily Commercial News

July 29, 2011 – Despite the recent pattern of subpar growth in the
United States, persisting uncertainty about the impact of the European
sovereign debt crisis on global financial markets and the impact of
supply chain disruptions mid way through the year, the outlook for the
Canadian economy in general, and for commercial construction in
particular, remains positive.

July 29, 2011 – Despite the recent pattern of subpar growth in the United States, persisting uncertainty about the impact of the European sovereign debt crisis on global financial markets and the impact of supply chain disruptions mid way through the year, the outlook for the Canadian economy in general, and for commercial construction in particular, remains positive.

Turning first to the outlook for Canada, according to the Bank of Canada’s Business Outlook Survey (BOS) for the second quarter of 2011, an increased percentage (20%) of firms surveyed by the Bank expect stronger sales over the next 12 months than was the case in the first quarter (13%). | READ MORE

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