Economic Archives - constructconnect.com Canada's construction news Thu, 22 May 2025 19:31:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2021/10/cropped-favicon-32x32-1-32x32.png Economic Archives - constructconnect.com 32 32 Diverso Energy, Mattamy Homes announce joint venture for geothermal homebuilding /dcn/news/economic/2025/05/diverso-energy-mattamy-homes-announce-joint-venture-for-geothermal-homebuilding /dcn/news/economic/2025/05/diverso-energy-mattamy-homes-announce-joint-venture-for-geothermal-homebuilding#respond Fri, 23 May 2025 10:20:33 +0000 /?p=465335 TORONTO — Diverso Energy, a geothermal Energy-as-a-Service (EaaS) provider, and Mattamy Homes have announced a joint venture they say represents a significant milestone in the evolution of sustainable homebuilding in Canada. Diverso will be the exclusive provider of geothermal services to select Mattamy residential developments across Canada, spanning a range of single-family homes, townhouses and multi-family mid-rise and highrise developments, states a […]

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]]> /dcn/news/economic/2025/05/diverso-energy-mattamy-homes-announce-joint-venture-for-geothermal-homebuilding/feed 0 CPP Investments sees opportunity in Carney’s call for nation-building projects /dcn/news/economic/2025/05/cpp-investments-sees-opportunity-in-carneys-call-for-nation-building-projects /dcn/news/economic/2025/05/cpp-investments-sees-opportunity-in-carneys-call-for-nation-building-projects#respond Fri, 23 May 2025 10:00:03 +0000 /?p=465294 OTTAWA — The head of the Canada Pension Plan Investment Board sees opportunities for the big investment fund in Prime Minister Mark Carney’s desire for large-scale, nation-building projects. CPP Investments chief executive John Graham says the fund has an appetite to continue growing its Canadian assets. “We’re excited that it’s going to lead to some […]

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]]> /dcn/news/economic/2025/05/cpp-investments-sees-opportunity-in-carneys-call-for-nation-building-projects/feed 0 In Vancouver ‘the boom bloom is off the real estate rose’ /joc/news/economic/2025/05/in-vancouver-the-boom-bloom-is-off-the-real-estate-rose /joc/news/economic/2025/05/in-vancouver-the-boom-bloom-is-off-the-real-estate-rose#respond Thu, 22 May 2025 11:05:43 +0000 /?p=464869 The Metro Vancouver residential market is in poor health and its prognosis is not good. The demand for condominiums is weak and isn’t expected to recover in the foreseeable future. According to a recent forecast by real estate marketing firm Rennie, the number of unsold condominiums is projected to increase by 60 per cent in […]

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]]> /joc/news/economic/2025/05/in-vancouver-the-boom-bloom-is-off-the-real-estate-rose/feed 0 Bird announces $525M in new contract awards across Canada /dcn/news/economic/2025/05/bird-announces-525m-in-new-contract-awards-across-canada /dcn/news/economic/2025/05/bird-announces-525m-in-new-contract-awards-across-canada#respond Thu, 22 May 2025 10:15:34 +0000 /?p=464856 MISSISSAUGA, ONT. — Bird ion Inc. has been awarded three projects with a combined value over $525 million across its buildings and infrastructure businesses, the company announced recently. Bird has been selected to deliver the Transportation Safety and Technology Science (TSTS) Hub, a 120,000-square-foot facility in Ottawa. The hub will bring together federal scientists and […]

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]]> /dcn/news/economic/2025/05/bird-announces-525m-in-new-contract-awards-across-canada/feed 0 TBT Engineering Limited expands across Ontario /dcn/news/economic/2025/05/tbt-engineering-limited-expands-across-ontario /dcn/news/economic/2025/05/tbt-engineering-limited-expands-across-ontario#respond Thu, 22 May 2025 08:10:55 +0000 /?p=464903 THUNDER BAY, ONT. — TBT Engineering Limited (TBTE), a multi-disciplinary engineering firm in northwestern Ontario, has announced two major expansions as it marks 30 years in business. TBTE now has five offices located in Thunder Bay, Fort Frances, Kenora, Collingwood and Ottawa. As of this February they have merged with LBE Group Inc. in Kenora […]

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]]> /dcn/news/economic/2025/05/tbt-engineering-limited-expands-across-ontario/feed 0 Englobe acquires British Columbia-based Herold Engineering /joc/news/economic/2025/05/englobe-acquires-british-columbia-based-herold-engineering /joc/news/economic/2025/05/englobe-acquires-british-columbia-based-herold-engineering#respond Wed, 21 May 2025 11:05:33 +0000 /?p=464527 MONTRÉAL — Englobe Corporation, an engineering and environmental services firm, has announced the acquisition of British Columbia-based Herold Engineering Limited, a consulting engineering firm specializing in building, municipal, transportation and marine projects. Founded in 1994, Herold Engineering is headquartered in Nanaimo with additional offices in Victoria and Ucluelet. Their 70 employees and leaders complement Englobe’s diverse service offering, states a […]

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]]> /joc/news/economic/2025/05/englobe-acquires-british-columbia-based-herold-engineering/feed 0 Top finance officials from G7 countries gather in Banff for three-day summit /dcn/news/economic/2025/05/top-finance-officials-from-g7-countries-gather-in-banff-for-three-day-summit /dcn/news/economic/2025/05/top-finance-officials-from-g7-countries-gather-in-banff-for-three-day-summit#respond Tue, 20 May 2025 13:00:19 +0000 /?p=464281 BANFF, ALTA. — High-ranking officials from the world’s top economies are in Banff, Alta., this week for a three-day summit that will cover topics including the global economy, the war in Ukraine and artificial intelligence. The meeting comes during a period of heightened instability as U.S. President Donald Trump continues his tariff-driven effort to bring […]

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]]> /dcn/news/economic/2025/05/top-finance-officials-from-g7-countries-gather-in-banff-for-three-day-summit/feed 0 Enbridge sells stake in Westcoast pipeline to B.C. First Nations group for $715M /joc/news/economic/2025/05/enbridge-sells-stake-in-westcoast-pipeline-to-b-c-first-nations-group-for-715m /joc/news/economic/2025/05/enbridge-sells-stake-in-westcoast-pipeline-to-b-c-first-nations-group-for-715m#respond Tue, 20 May 2025 11:10:44 +0000 /?p=462618 CALGARY — For more than 65 years, Enbridge Inc.’s Westcoast pipeline has been pumping natural gas through First Nations territories across British Columbia.  Under a deal announced recently, three dozen of those communities are to see long-term financial benefits from the 2,900-kilometre system that stretches from B.C.’s far northeast to the Canada-U. S. border.  “People […]

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]]> /joc/news/economic/2025/05/enbridge-sells-stake-in-westcoast-pipeline-to-b-c-first-nations-group-for-715m/feed 0 Nuclear deals power 52% profit surge at AtkinsRéalis, prompt brighter forecast /dcn/news/economic/2025/05/nuclear-deals-power-52-profit-surge-at-atkinsrealis-prompt-brighter-forecast /dcn/news/economic/2025/05/nuclear-deals-power-52-profit-surge-at-atkinsrealis-prompt-brighter-forecast#respond Tue, 20 May 2025 10:10:10 +0000 /?p=462602 MONTREAL — Nuclear projects fuelled a big surge in revenue at AtkinsRéalis Group Inc. last quarter, paving the way for better financial results in the year ahead, the engineering firm said. “We cannot overstate our belief in the significant opportunity in front of AtkinsRéalis in the nuclear sector,” chief executive Ian Edwards told analysts on […]

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]]> /dcn/news/economic/2025/05/nuclear-deals-power-52-profit-surge-at-atkinsrealis-prompt-brighter-forecast/feed 0 The more things change portion of the construction marketplace /dcn/news/economic/2025/05/the-more-things-change-portion-of-the-construction-marketplace /dcn/news/economic/2025/05/the-more-things-change-portion-of-the-construction-marketplace#respond Tue, 20 May 2025 10:05:54 +0000 /?p=462275 “The more things change, the more they stay the same.” You’ve heard that saying, right? I’ve discovered much truth in that old chestnut during my more than half-century career. As just one example, while we may now be doing our jobs with the help of personal computers and the channeling of cyberspace, the primary function […]

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]]> /dcn/news/economic/2025/05/the-more-things-change-portion-of-the-construction-marketplace/feed 0 Bob Fairbank new VP of Western Canada for Priestly Demolition /joc/news/economic/2025/05/bob-fairbank-new-vp-of-western-canada-for-priestly-demolition /joc/news/economic/2025/05/bob-fairbank-new-vp-of-western-canada-for-priestly-demolition#respond Mon, 19 May 2025 11:05:15 +0000 /?p=462268 VANCOUVER — Priestly Demolition Inc. has announced Bob Fairbank is taking on the role of vice-president for Western Canada. With more than 30 years of construction and concrete experience in both Alberta and British Columbia, Fairbank has held senior positions including president, CEO and general manager. “Bob’s appointment to the VP role is a big […]

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]]> /joc/news/economic/2025/05/bob-fairbank-new-vp-of-western-canada-for-priestly-demolition/feed 0 Home sales down almost 10% annually last month: Canadian Real Estate Association /dcn/news/economic/2025/05/home-sales-down-almost-10-annually-last-month-canadian-real-estate-association /dcn/news/economic/2025/05/home-sales-down-almost-10-annually-last-month-canadian-real-estate-association#respond Mon, 19 May 2025 10:10:23 +0000 /?p=462258 OTTAWA — The Canadian Real Estate Association says home sales in April fell 9.8 per cent compared with the same month last year, as the national housing market has returned “to the quiet markets we’ve experienced since 2022.” A total of 44,300 residential properties changed hands across Canada last month, compared with 49,135 in April […]

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