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Articles tagged with "Forecast"

Granite shrugs off tariff impacts, hints at new IIJA
Granite shrugs off tariff impacts, hints at new IIJA

Granite Construction Incorporated, a civil infrastructure company based in California, has reported that they have not been negatively affected by recent tariffs. The CEO expressed optimism about the political support in Congress for a subsequent infrastructure investment law. This hints at potential legislative developments that could benefit the construction sector.

Policy uncertainty could trigger ‘recession’ for renewables, analyst says
Policy uncertainty could trigger ‘recession’ for renewables, analyst says

Uncertainties in government policies, particularly regarding tariffs and tax credits, have led to significant drops in renewable energy investments in early 2025 according to Mercom Capital Group. The lack of clear policy direction is causing concerns about a possible recession in the renewables sector. Analysts warn that this could impact future growth and innovation within the industry.

Construction spending plummets on tariff fears
Construction spending plummets on tariff fears

The article discusses a significant drop in construction spending driven by fears over tariffs. Data centers remain a key growth area in an otherwise declining sector, as most private construction sectors reduced their activity in March. This trend reflects broader economic concerns impacting the construction industry.

Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1
Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1

In February, the Canadian economy experienced a contraction of 0.2%, largely driven by a 0.6% decline in the goods-producing sector, including mining, quarrying, oil and gas extraction, and construction. However, early indicators suggest moderate economic growth in March. Statistics Canada forecasts a 1.5% annualized GDP growth for the first quarter of the year.

Future of Work puts focus on evolution in construction
Future of Work puts focus on evolution in construction

The Future of Work 2025 construction conference took place at Pitt Meadows Plumbing’s Shop XL in Maple Ridge, B.C., highlighting the need for industry evolution in the face of significant challenges. Over 800 professionals convened to discuss the importance of collaboration, trust, and innovation. The event featured expert-led panels on collaborative project delivery, technology integration, and workforce development, encouraging attendees to think beyond their current roles and responsibilities. It emphasized the collective responsibility of the construction industry to mentor and develop the future workforce.

Construction hiring slows to lowest rate ever recorded
Construction hiring slows to lowest rate ever recorded

The latest employment data reveals a significant slowdown in construction hiring, marking the lowest rate ever recorded. This trend suggests a reduced demand for labor within the industry, raising concerns among stakeholders. The data was analyzed and released by the Associated Builders and Contractors. This downturn could indicate broader economic implications for the construction sector.

Churchill Downs pauses $920M expansion on cost uncertainty
Churchill Downs pauses $920M expansion on cost uncertainty

Churchill Downs Racetrack in Kentucky has paused its $920 million expansion project, citing rising construction costs influenced by new tariffs and economic uncertainty. This decision affects several planned projects, such as The Skye, Conservatory, and Infield. The postponement reflects broader challenges in the industry due to fluctuating economic conditions.

Loblaw Expanding Maxi Discount Grocery Chain into New Brunswick
Loblaw Expanding Maxi Discount Grocery Chain into New Brunswick

Loblaw is expanding its Maxi discount grocery chain into New Brunswick by opening a new store in Caraquet this fall. This 15,000-square-foot store at Place Saint-Pierre will be Maxi's first location outside Quebec and will generate around 30 new jobs. The expansion aligns with Loblaw's strategy to increase their small-footprint store presence across Canada. Maxi aims to resonate with the local community's francophone heritage and values.

Réfection majeure du tunnel Louis-Hippolyte-La Fontaine - MODIFICATION : Fermeture du tunnel durant la fin de semaine du 2 mai
Réfection majeure du tunnel Louis-Hippolyte-La Fontaine - MODIFICATION : Fermeture du tunnel durant la fin de semaine du 2 mai

The Ministère des Transports et de la Mobilité durable in Quebec has announced the closure of Autoroute 25, including the Louis-Hippolyte-La Fontaine tunnel, from May 2 to 5 for road work. This closure is necessary to transfer traffic into the newly renovated tube of the tunnel. Once completed, traffic will flow through the refurbished section, although certain access points will remain closed until the end of 2026. Motorists are advised to adjust their travel plans accordingly.

Bleak Outlook for New Home Construction in Ontario and BC as Builder Confidence Remains Low: CHBA
Bleak Outlook for New Home Construction in Ontario and BC as Builder Confidence Remains Low: CHBA

The Canadian Home Builders’ Association (CHBA) reports a bleak outlook for new home construction in Ontario and British Columbia, with the Housing Market Index (HMI) indicating low confidence among builders. In 2025 Q1, Ontario saw a significant decline in housing starts by 38% year-over-year due to affordability challenges and tariffs impacting construction costs. Builders are particularly concerned about the rising cost of materials and high development charges in urban centers, and they urge the government to implement policies to improve housing affordability. The CHBA calls for alternative funding models for infrastructure and more accessible mortgages to support housing supply improvement.

Une idée historique pour le futur pont de l’île d’Orléans
Une idée historique pour le futur pont de l’île d’Orléans

The article reviews a modern bridge in Montreal, the Samuel-De Champlain Bridge, constructed between 2015 and 2019. This 3.4 km bridge serves as a major route, replacing the original Champlain Bridge built in 1962, and accommodates approximately 50 million vehicles annually crossing the Saint Lawrence River. The discussion is framed in the context of an exploration to envision future projects on the Île d'Orléans, highlighting the bridge's significance in infrastructure development.

Une idée historique pour le futur pont de l’île d’Orléans
Une idée historique pour le futur pont de l’île d’Orléans

The article discusses a flyover of the Samuel-De Champlain Bridge, which was constructed in Montreal between 2015 and 2019. The bridge spans 3.4 km and serves as a replacement for the original Champlain Bridge built in 1962. It facilitates the crossing of 50 million vehicles each year over the Saint Lawrence River. A photograph from 2024 accompanies the discussion, suggesting an ongoing interest in infrastructure projects involving significant traffic flow.

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