Slight increase in October construction jobs
The October Labour Force Survey released this morning by Statistics Canada shows little gain in national construction employment in the month for the third consecutive month, following increases totalling 190,000 (up 16.2 per cent) from April to July. Employment in construction was 7.5 per cent (down 112,000) below its February level in October. The employment figures represented an increase of 8,000 over September. The results reflect labour market conditions as of the week of Oct. 11 to 17.
Recent data on housing starts showed a decline of 5.0 per cent from September 2019 to September 2020, following two months of strong year-over-year increases.
Artemis Gold releases economic impact study for B.C. Blackwater project
Artemis Gold Inc. yesterday released results of an economic impact study it conducted for its proposed Blackwater Gold project in central B.C. The company engaged KPMG to produce the study. The report suggests there will be 825 direct jobs created during the construction and expansion phases and 457 direct jobs created during the life of the mine operations on initial development capital spending of $592 million to build a 5.5-million tonne per year mine.
StatsCan schedule for next week
Statistics Canada plans to release its September 2020 Investment in Building Construction report on Monday and its Canadian Survey on Business Conditions: Impact of COVID-19 on Businesses in Canada on Friday. Watch for energy statistics on Monday as well.
HomesStars reports on reno intentions
Toronto-based HomeStars released its annual Reno Report yesterday. Highlights included: 80 per cent of Canadian respondents were still planning to take on home projects despite COVID-19; 50 per cent of those surveyed were doing outdoor projects like fences, decks and pools; and 16 per cent of homeowners were undergoing a bathroom renovation and 10 per cent were tackling the basement.
Future Cities Series continues
Lexology reports this morning on the next instalment of the Future Cities Series from Herbert Smith Freehills LLP. The firm says, “There are many strands of technology to pull together to make the office truly smart. It will need an ecosystem of suppliers to support the component systems and an integrator to oversee the whole.”