StatsCan

Value of Building Permits Issued in July Declines 3.5%

 

Canadian municipalities issued $7.9 billion worth of building permits in July, down 3.5% from June and the first decrease since March 2017. Lower construction intentions for commercial buildings and multi-family dwellings were mainly responsible for the national decline. The total value of permits was down in seven provinces, led by lower construction intentions for multi-family dwellings and commercial buildings in Ontario.

 

GE

How One Hospital Is Improving Patient Care with Advanced Analytics

Demand for healthcare is outstripping capacity, but Toronto’s Humber River Hospital has a solution: a digital Command Centre powered by GE’s Wall of Analytics. As populations grow and age, many hospitals are being stretched past their limits. Rather than apply temporary or partial fixes to address the challenges that underlie this busy, acute care hospital, Toronto’s Humber River Hospital has chosen to implement a holistic, state-of-the-art hospital command centre that will enable it to achieve radical gains in quality and efficiency. 

 

 

Bridge

Creating the World’s Most Connected Bridge

 

An iconic architectural feature of the Montreal skyline by day, the Jacques Cartier Bridge now shines with an innovative lighting signature that celebrates the unique engineering of its historic structure. Thanks to intelligent programming connected in real time to big data and social media networks, this bridge is by most measures the most connected bridge in the world.

 

 

National Bank

Relighting the National Bank of Canada’s Trading Floor

 

The National Bank of Canada’s Montreal headquarters possesses a Grand Hall that is an ornate masterpiece. Its rose, Italian Tavernelle marble walls, Corinthian colonnades of syenite, with black Belgian marble bases, its bronze railings and door frames, golden ornamented moulding, ceiling panels, and large colonnades are a majestic throwback to a bygone era. The lighting design needed to accentuate and celebrate this historic structure’s arresting grandeur without washing out the ornate details, while also creating a functional and welcoming workplace.

 

Vigilant Global

Creating Dynamic Functional Lighting for an Architectural Firm

 

Vigilant Global, a Montreal-based research, development and information technology company, mandated Provencher Roy to redesign its offices in Montreal. LumiGroup, a key collaborator in lighting for the project assisted the interior designers in enhancing each room with lighting adapted for a refined, modern and dynamic environment.

 

 

Residential Construction

Q2 Residential Construction Investment Up 7.7% YOY

Residential construction investment in Canada totalled $33.2 billion in the second quarter, up 7.7% from the same quarter in 2016. Higher investment in every component except cottages contributed to the total quarterly increase. Investment in renovations totalled $15 billion (up 6.6%) and accounted for almost 40% of the year-over-year change at the national level. Investment in single-family dwellings was up 12.9% to $7.4 billion, while acquisition costs related to new dwellings rose 8.2% to $3.7 billion.

 

 

Bill Burr

Guide to the Canadian Electrical Code, Part I — Instalment 28

In this article: Section 56 — Optical fibre cables. Section 56 is a supplementary or amendatory section of the code and applies to the installation of optical fibre cables in conjunction with all other electrical systems. Rule 56-002 provides a special terminology definition for an Optical Fibre Cable — a cable consisting of one or more optical fibres that transmits modulated light for the purpose of control, signalling or communications.

Economy

Investment in New Housing Rose 7.2% in June YOY

 

Investment in new housing construction rose 7.2% from June 2016 to $4.7 billion in June. The increase resulted mostly from higher investment in single family dwellings (+$257.9 million). All but one province saw an increase in new housing investment. The largest increase was in Quebec (+$82.6 million), followed by Alberta (+$72.5 million) and British Columbia (+$57.4 million). Newfoundland and Labrador posted a decrease of $7.4 million (-26.2%) compared to June 2016. 

 

Shawn McCadden

3 Financial Strategies for a More Scalable Business

 

Economic reports continue to forecast growth for the remainder of the year. For contractors, this is great news, but it can also present the challenge of scaling up to meet growing demand. Scaling up requires not just hiring more workers and buying more material, but also adjusting your financial strategy to cover increased overhead expenses without hurting cash flow and profits. Here are three financial strategies for successfully scaling up in 2017 and beyond.