Economy 1

Building Permits Up 14.8% in June

The total value of building permits rose 14.8% to $7.7 billion in June, following a 13.9% decrease in May. The increase in June was mainly attributable to higher construction intentions for multi-family dwellings in Quebec, Alberta and Ontario, as well as institutional buildings in Alberta and commercial buildings in British Columbia.The value of permits was up in every province except Saskatchewan in June. Alberta, Quebec, Ontario and British Columbia registered the largest increases.

 

 

Economy Power Stat

Electricity Demand Drops 5.6% in May Year over Year

Demand for electricity totalled 39.3 million megawatt hours (MWh) in May, down 5.6% from the same month a year earlier. Demand for electricity has fallen on a year-over-year basis in 12 of the past 13 months.Like demand, electric power generation declined in May, down 1.4% to 44.6 million MWh, largely as a result of lower generation levels in Alberta and Quebec…