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The accompanying table records the 10 largest construction project starts in Canada in September 2021. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and nonresidential building categories in Canada.
We’re a little over a year and a half into the COVID-19 pandemic and the construction industry, like many other industries, is maneuvering several obstacles on its road to recovery. I think it’s important that we take time to understand what this means in the immediate and for the long-term.
An Excess of U.S. Retail Demand
Consumer spending is about 70% of gross domestic product (GDP) in the United States and 55% in Canada. (The lower percentage in Canada is due to foreign trade being relatively more prominent in overall economic activity north of the border.)
Construction sites are dangerous places. Safety hazards lurk around every corner. This is evident by the high rate of occupational fatalities and injuries that occur each year in construction. Falls, electrocutions, heavy equipment rollovers, and collapsing scaffolding are just a small number of ways workers c...
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