Market Watch

dewalt anniversary

Dewalt celebrates 100th anniversary

Dewalt is celebrating its 100th anniversary of powering the pros. Founded in 1924 by Raymond DeWalt, the company is a leading brand.
Building electrification projects impart lessons

Building electrification projects impart lessons

The business case for electrification works best when retrofits are synced with the end-of-life of existing mechanical equipment and/or asset repositioning plans
labour council

New council formed to combat labour crisis

A new Skilled Trades Advisory Council (STAC) has been formed to combat the crisis facing skilled labour in the U.S. and Canada.
MacGill coin

New $1 coin features first female engineer

The Royal Canadian Mint has issued a new $1 coin honouring Elsie MacGill, the country’s first woman professional engineer.
Global energy appetite eats up efficiency gains

Global energy appetite eats up efficiency gains

The global buildings sector made some headway in curbing its energy appetite and output of greenhouse gas emissions last year, but is still off-pace to achieve the International Energy Agency's targets.
ASHB now carries banner for smart connectivity

ASHB now carries banner for smart connectivity

The Continental Automated Buildings Association will now be known as the Association for Smarter Homes and Buildings (ASHB), with a continued mandate to promote technologies for connectivity and efficient operations.
Global smart lighting market poised for bright future

Smart lighting market poised for bright future

The global market for smart lighting is projected to reach USD $45 billion in sales by 2028, representing a compound annual growth rate of more than 20 per cent over the next five years.
Structurlam

Mercer to acquire Structurlam for $81M

Mercer International in Vancouver is acquiring all the assets of Structurlam and its subsidiaries for $81.1 million.
Global accelerator to advance B.C. cleantech firm

Global accelerator to advance B.C. cleantech firm

Kelowna-based company chosen for the 2023 cohort of the Imagine H2O accelerator program, gaining access to a worldwide network of business development advisors and potential investors.
washrooms

Ontario requiring clean and safe washrooms

Ontario is making washrooms on construction sites private, clean and safe, while also requiring women’s-only washrooms.
commodity

Flattening commodity prices expected in 2023

According to global construction consultancy firm, Linesight. commodity prices are expected to flatten in 2023.
Economics of stadium and arena projects worsens

Economics of stadium and arena projects worsen

Development proponents will likely be asked to contribute more equity and will encounter higher debt servicing costs than has been the case for comparable projects in the past.
U.S. prepares to prohibit non-compete clauses

U.S. prepares to prohibit non-compete clauses

The U.S. Federal Trade Commission has filed notice that it intends to decree employer-imposed, non-compete conditions are unfair competition.
tallest mass timber

Denver’s tallest mass timber project breaks ground in 2023

Designed by Tres Birds, Denver’s tallest mass timber building will break ground in 2023. The 12-storey building is named “Return to Form.”
Lucrative tax credits pledged for heat pumps

Lucrative tax credits pledged for heat pumps

Canada’s fall economic statement pledges $6.7 billion over five years to support uptake of a range of clean technologies, including solar heating, air-source and ground-source heat pumps and energy storage.
Venture capital offered for smart water techr

Venture capital offered for smart water tech

Canadian start-ups are invited to take up the global water challenge, a competition to gain access to up to €3 million (CAD $4 million) in venture capital for smart water technologies.
Washington

Washington first state to require building electrification

Washington State has become the first U.S. state to incorporate building electrification mandates into statewide energy codes.