Construction
Saudi Arabia showcases US$53B in deals at conference
The Kingdom wants to build new airports and sea ports, metro lines and railways.
Caterpillar stumbles; China’s slowing growth begins to show
The company is considered an economic bellwether.
Walmart Canada spending $175M to improve stores across the country
Retail chain seeks to improve integration between its e-commerce business and physical locations.
Forestry companies fall as US housing stats show slowing demand
Signs of potential slowing come after a strong run for the industry.
Canada’s economy surges in second quarter on higher exports: StatCan
Economy rocketed to an annualized pace of 2.9 per cent in the period from April 1 through June 30.
BC’s new rules for provincial infrastructure projects challenged in court
Contractors association says rules not fair to non-unionized workers.
Statistics Canada says retail sales fell 0.2 per cent to $50.7B in June
Economists had expected an increase of 0.1 per cent in June.
Italy collapse points to difficulties with aging bridges
Factors could include wear from weather, more traffic than the bridge was originally built to sustain.
Ford to spend $740M on Detroit redevelopment plans
Land development arm to seek $250 million in tax incentives to help offset the cost.
Aecon receives approval to rejoin Gordie Howe bridge consortium
Follows federal review of a now blocked takeover by a Chinese state-owned company.
-
Feds to launch talks on safeguards to keep steel from flooding into Canada
Consultation period on safeguards will last for 15 days, decision will follow in a few weeks.
Alberta going to court, accused of breaking trade rules on $482M road contract
Involves a deal with Emcon Services to plow snow from and maintain 43% of Alberta’s highways.
Canada’s wholesale sales rise 1.2% in May: Statistics Canada
Construction materials show strength, automotive and supplies fall.
Alberta and roadbuilders feud over $500M deal involving BC firm
Association says such a contract would violate interprovincial free trade rules and lead to court action.
Aecon joint venture wins Enbridge Line 3 replacement contract
Includes 92.2 km of pipeline in Brandon area and 96.5 km near Morden, Man.
