Edition:

Chart of the Moment

Alberta’s unemployment rate surpasses Quebec

Alberta’s unemployment rate surpasses Quebec

Ottawa—Alberta's soaring unemployment rate climbed higher than Quebec's last month, the first time that's happened in nearly 30 years. The Prairie province, hit hard by the oil price slump, saw its jobless rate jump 0.5 percentage points to 7.9 per cent, Statistics Canada said on March 11. The rate in Quebec held firm i…

Chart of the Moment

Infrastructure and construction to offset economic slump in 2016

Infrastructure and construction to offset economic slump in 2016

While economic growth is expected to remain slow in 2016, there's opportunity for infrastructure projects to take advantage of low interest rates and oil prices. See provincial snapshots of project increases within different construction sectors including maintenance.…

Chart of the Moment

Serious job losses predicted for Alberta construction

Serious job losses predicted for Alberta construction

Alberta could be in for heavy job losses in the coming years as the construction industry adjusts to low oil prices. Overall, the oil price decline is driving employment lower across all construction sectors. The latest BuildForce report estimates total construction employment will fall by 13,000 jobs in 2015 and then by a…

Chart of the Moment

Key demographic shifts that will impact construction by 2060

Key demographic shifts that will impact construction by 2060

In a recent article, there was an analysis of how changes over time in the number of individuals in various age cohorts in the U.S. play crucial roles in driving some type-of-structure construction activity levels. At the end of the article, a promise was made to do the same for Canada. This current Economy at a Glance wil…

Chart of the Moment

U.S. and Canada December Jobs Reports Should Quell some Jitters

U.S. and Canada December Jobs Reports Should Quell some Jitters

According to the Bureau of Labor Statistics (BLS), the U.S. economy recorded its second-best month for jobs-growth last year in December,+292,000. Only October’s +307,000 was better. 2015 ended with a gain (+292,000) that was considerably above the monthly average for the year as a whole (+221,000). There is speculatio…

Chart of the Moment

Bumpy ride for stock market investors in 2015; more of same in 2016?

Bumpy ride for stock market investors in 2015; more of same in 2016?

Last year, North America’s four major stock market indices provided pretty accurate and succinct summaries of how the economies of the U.S. and Canada performed overall. At 2015’s year-end, the closing value of the broadly-based S&P 500 index was virtually flat (-0.7%) versus its level of 12 months prior. The m…

Chart of the Moment

Vancouver’s economic prospects look very bright heading into 2016

Vancouver’s economic prospects look very bright heading into 2016

Crossing the threshold into 2016, it is clear that Vancouver’s economic pulse is among the fastest beating in the country. This observation is based on several of the metro area’s key economic indicators and is consistent with the Conference Board in Canada’s latest September Metropolitan Outlook. First, follow…

Chart of the Moment

Leading indicators of Canadian economy still pointing (somewhat) higher

Leading indicators of Canadian economy still pointing (somewhat) higher

Nearing the end of what appears to have been a relatively lacklustre year, the most recent indicators of economic growth are still sending mixed signals. Turning first to the really big picture, in its latest(November) Economic Outlook, the OECD noted that “a further sharp slowdown in emerging market economies is weighing…

Chart of the Moment

Western Canada: possible changes in the pecking order

Western Canada: possible changes in the pecking order

During the five years that have transpired since the 2008-2009 recession, the average annual GDP growth rates in three of Canada’s four western provinces have exceeded the national average’s +2.5%. At +4.7%, Alberta has been almost twice as fast, followed by +3.9% in Saskatchewan and+2.7% in B.C. Only Manitoba has falle…

Chart of the Moment

Mild Turbulence in U.S. and Canadian Labour Markets

Mild Turbulence in U.S. and Canadian Labour Markets

It’s not rocket science. There are a few key benchmarks to be aware of concerning U.S. and Canadian labour markets. For the U.S. economy, a net jobs gain of 170,000 in any given month will be viewed as acceptable by most economists, analysts and pundits.If the figure climbs to 200,000 or higher, their mood will elevate in…

The Morning Blueprint
is a site and
value-packed newsletter.
by ConstructConnect®.
Sign up and get stories, trends and new
project info that will give you a leg up.
Tell us what you think of
The Morning Blueprint