November 10, 2011
Canada depends on commodities while technology drives American employment
Construction employment has climbed steadily in Canada, and many new jobs have been related to mega resource projects in oil and gas, minerals, potash and electrical power.
Meanwhile, despite the housing market collapse, the U.S. is still a world leader in high tech. The NASDAQ is ahead nearly 100 per cent compared to its trough from February, 2009.
For more analysis of the employment picture in both Canada and the U.S., please see Canada and U.S. may be on philosophically divergent growth paths by Alex Carrick, chief economist of Reed Construction Data Canada.
In a recent blog post, Carrick discusses the dependence of Canada upon demand for commodities from China, the recent performance of the stock market indices and the prospects for resource-related construction projects.
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| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 472 projects with a total value of $3,018,122,449 that Reed Construction Data Building Reports reported on Tuesday.
RESIDENTIAL, MIXED-USE, RECREATIONAL DEVELOPMENT
$514,000,000 Toronto ON Starts
$210,000,000 Toronto ON Prebid
CONDOMINIUM APARTMENT BUILDING
$138,000,000 Toronto ON Prebid
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| ALEX’S ECONOMICS BLOG |
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- Economic Nuggets - May 15, 2012 (May 14, 2012)
- Canada Rode a Second Consecutive Month of Strong Job Gains in April (May 11, 2012)
- U.S. Employment Rose by a Mediocre 115,000 in April (May 4, 2012)
- More
