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Q1 2020 GDP Down, But Not As Far As Expected
May 28, 2020 | Economic News and ForecastsStatistics Canada today released figures for the first quarter's GDP. They show a decline of 2.1% compared to Q4 2019, or an annualized decrease of 8.2%, due to COVID-19. Pundits had expected a 10% annualized decline, so the damage is not as severe as originally anticipated...
In memory of Paul Winicki
May 8, 2020 | General News
Winicki, Paul Cameron
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In memory of Alastair Robert Wedderspoon
May 4, 2020 | General News
Alastair Robert Wedderspoon
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New Overhead Stop
Jan 23, 2020 | New Products
Not only is it important to control a door but
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2020 Economic Forecast
Jan 1, 2020 | Economic News and Forecasts
Our 2020 economic forecast, written in November 2019 and published in Door Security + Safety magazine's January issue calls for moderate growth in 2020's Canadian GDP (1.4%) amid a general softening of the economy. At the time, we identified uncertainty around pending resolution...
Knell Acquires Great Lakes Architectural Hardware Inc.
Dec 18, 2019 | Industry News
I am pleased to announce that effective November 29th, 2019, Great Lakes Architectural Hardware Inc. (Great Lakes) has been acquired by William Knell & Company Limited (Knell’s) of
[ Read More ]Q3 2019 GDP Growth Rate Slows, As Expected
Dec 4, 2019 | Economic News and ForecastsStatistics Canada released Q3 GDP figures on Friday. Overall, they show a moderated growth rate of 1.3% (quarter over quarter, seasonally adjusted at annual rates [SAAR]). Of interest to DHI-C members, non-residential building activity showed annualized growth of 11.1%...
Bank of Canada Maintains Overnight Rate
Dec 4, 2019 | Economic News and ForecastsAs was almost universally expected, the Bank of Canada maintained its overnight rate at 1.75% today. In its press release, the Bank said there is evidence the global economy is stabilizing and it expects global growth to edge higher over the next couple of years....
August 2019 Investment in Building Construction Data Released
Oct 28, 2019 | Economic News and ForecastsOn October 21, Statistics Canada released the August Investment in Building Construction figures. Nationally, investment grew by 1.4% compared to July (seasonally adjusted at annual rates, and expressed in current dollars). Most of that growth was in residential construction (up 1.8%)...
August 2019 Construction Permit Data Released
Oct 9, 2019 | Economic News and ForecastsStatistics Canada today released data on building permits for August 2019. Overall, building permit activity declined by 1.7%, from $10.0 billion to $9.8 billion. Residential activity increased by 7.2% ($6.4 billion in August compared with $6.0 billion in July) but non-residential permits declined...