The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. This report examines the short-and medium-term economic and profitability outlook for Canada’s Non-Residential Construction Industry.
Canada’s Non-Residential Construction Industry: Industrial Outlook Summer 2009
Canada’s Non-Residential Construction Industry: Industrial Outlook Summer 2009
Industry Economic Analysis
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- Commodity Prices Drop—Although prices for key inputs into the nonresidential construction industry remain strong, prices for some basic commodities have plummeted from their highs.
- Accommodation Down—Tourism demand for accommodation has plunged due to the recession, impacting commercial construction.
- Employment—Office and industrial vacancy rates are rising as a result of multiple layoffs in the service and manufacturing industries.
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