Building up 5.9% nationally Final Edition

"With recent strong full-time employment gains, led by the construction and manufacturing sectors, and the price of crude hovering near $30 US per barrel, consumer confidence in Calgary and right across the province is sky-high," said Richard Corriveau, CMHC's Calgary-based senior mar...

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Bibliographic Details
Published inCalgary herald
Main Author Eric Beauchesne and Marty Hope
Format Newspaper Article
LanguageEnglish
Published Calgary, Alta Postmedia Network Inc 11.09.2002
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Summary:"With recent strong full-time employment gains, led by the construction and manufacturing sectors, and the price of crude hovering near $30 US per barrel, consumer confidence in Calgary and right across the province is sky-high," said Richard Corriveau, CMHC's Calgary-based senior market analyst and regional economist. "On the heels of last week's surprise decision by the Bank of Canada to leave its monetary-policy settings on hold, the one-two punch of unexpectedly robust jobs and housing market reports will inject new life into expectations of a tightening in monetary policy at the next policy announcement date on Oct. 16," said Toronto- Dominion Bank economist Derek Burleton. In Alberta, urban starts reached 3,045 units in August, 38 per cent more than a year ago. Nationally, urban starts jumped 25 per cent to 16,594.
ISSN:0828-1815