November 5, 2009
CanaData Conference 2009
Scotiabank’s chief economist has hope for Ontario
Ontario’s growth might be slower in the years to come as its manufacturing sector struggles, but Scotiabank’s chief economist still sees healthy prospects on the horizon for Canada’s economic centre.
“The reality is manufacturing employment is going to be pretty slow and that’s going to be a drag on Ontario,” Warren Jestin said in an interview with Reed Construction Data at the CanaData Construction Industry Forecasts Conference in Toronto Sept. 24.
“The good news is a lot of our economy is service-focused and that’s going to begin to improve,” Jestin added.
See: Live blog archive from the September 24 CanaData Construction Industry Forecasts Conference.
“I suspect we’ll still lag the national average in terms of growth performance over the next five years, but over the next year or so we’re probably going to get at least a healthy pop in growth from economic decline to at least some period of recovery.”
Jestin also offered insights into what’s in store for Western Canada after the recession and discussed what he believes the greatest threat to economic recovery will be.
Check out the executive summary from the 2009 CanaData Conference.
The head of the Ontario General Contractors Association is praising a report from Workers Safety & Insurance Board chair Steven Mahoney that looks at ways to reform the WSIB
‘You don’t create job opportunities by cutting off business:’ Canadian Manufacturers & Exporters CEO
The new Buy America agreement between Canada and the U.S. doesn’t offer Canadian firms access to stimulus contracts that have already “gone out the door,” says the head of the Canadian Manufacturers & Exporters.
WSIB shouldn't rush rate hikes to cover unfunded liability: COCA president
In its effort to eliminate the unfunded liability, the Workers Safety & Insurance Board should not hike premiums too quickly or it could make Ontario an unattractive place to do business, says the president of the Council of Ontario Construction Associations.
Canadian Construction Association strengthening research and innovation efforts
The Canadian Constrruction Association has made progress in the past year in its efforts to nurture connections with educational and research institutions across the country, reports CCA chair Brad Greene.
Construction worker’s fatal fall didn't involve swing stage
A construction worker is dead after falling as much as six storeys from a building in east Toronto Thursday. Police say a piece of metal may have fallen and hit the worker, knocking him off the building.
Is the U.S. recovery sustainable?
The U.S. might be starting to mend its economy, but there are still a number of uncertainties about whether a recovery will be sustainable, says CanaData chief economist Alex Carrick.
Ontario Road Builders’ Association launches green award
The Ontario Road Builders’ Association has announced a new green award to recognize efforts made by the industry to protect the environment.
Canadian Construction Association eyes international reciprocity for Gold Seal
The Canadian Construction Association plans to explore the idea of negotiating international reciprocity agreements for its Gold Seal certification.
What the latest U.S., Canada GDP numbers mean for the recovery
New gross domestic product figures for the U.S. and Canada are strong, says CanaData chief economist Alex Carrick. But what do they say about the state of economic recovery in both countries?
