Labour productivity for Q2 released

View As Webpage | View Archives | Email a Friend

Subscribe to Magazine | canadiancontractor.ca

@{mv_date_MMM d, yyyy}@

News

Statistics Canada released labour productivity data for the second quarter. Labour productivity of Canadian businesses edged down 0.2 per cent in the second quarter, after posting a similar decline in the previous quarter and a 0.3 per cent increase in the fourth quarter of 2023. In the second quarter of 2024, business output and hours worked both increased at a slightly faster pace than in the previous quarter. » Read more...

Bank of Canada reduces policy rate again

The Bank of Canada reduced its target for the overnight rate to 4¼ per cent, with the Bank Rate at 4½ per cent and the deposit rate at 4¼ per cent. The bank is continuing its policy of balance sheet normalization. In Canada, the economy grew by 2.1 per cent in the second quarter, led by government spending and business investment. This was slightly stronger than forecast in July, but preliminary indicators suggest that economic activity was soft through June and July. » Read more...

KBIS 2025 registration now avaliable

KBIS 2024 show floor. Image courtesy of KBIS.[/caption] The North American trade expo and professional networking event KBIS, will be held in Las Vegas, Nev., next year. Owned by National Kitchen and Bath Association (NKBA), this event hosts architects, designers, specifiers and building experts. “It will be a challenge to surpass last year’s 60 anniversary show, which was marked by an incredible display of expertise and enthusiasm,” said Bill Darcy, global president, CEO, NKBA. » Read More...

Features

From making a living to building a legacy: Highspire Q&A

Contractors have the skills necessary to build, reconstruct and renovate – but may not have the skills to invest and fund a multi-million dollar project. As experts in adding value to properties, they are uniquely positioned to leverage real-estate investments into profits. However, acquiring and owning projects is not a core function for most renovation and custom builders. » Read More...

The Hammer podcast

The Hammer Episode #47: Sustainable Skills – Chad Flinn, Red Deer Polytechnic, and Judi Varga-Toth, CICan

New standards for energy efficiency and low carbon impact in construction are demanding new skills in the trades – skills your young workers might be more familiar with than you are. Chad Flinn, associate vice-president of academics at Red Deer Polytechnic, and Judi Varga-Toth, manager of the ImpAct-Climate program at Colleges and Institutes Canada, are working to educate today’s construction industry in how to design and install the elements of net zero homes, including the unique considerations for heat pumps, solar panels, EV chargers, continuous insulation and high-performance fenestration. » Listen now!

Coming Events