 |
November 19, 2021 |
|
|
 |
Positive economic outlook predicted for Canada |
Canada’s economy is on the road to recovery, with 5.1 per cent growth expected this year. That was the message from Peter Norman, vice president and chief economist for the Altus Group, speaking at a recent free seminar hosted by the Canadian Institute of Plumbing and Heating (CIPH) and the Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI).
Norman reports that despite the pandemic and issues such as labour and supply chain disruptions, there have been several boosts to the economy in the past year which are cause for cautious celebration. That includes record housing sales and residential renovation spending, as well as a rebound in employment. While Norman says Canada lost approximately three million jobs at the outset of the pandemic, those jobs have now been recovered, led by employment growth in Ontario, Quebec and BC.
Retail sales have increased 16 per cent since 2020, despite the risk of inflation caused by supply chain issues and renewed spending. Norman says this is because consumers have been saving over the past year and a half and households are wealthier now than they were pre-pandemic. However, Norman believes online shopping will continue to garner a larger share of goods and services spending going forward.
Read more here. |
|
|
|
|
ecobee sold to Generac |
Generac Holdings Inc. has announced that it will acquire Toronto, ON-based ecobee Inc. |
Continue reading |
Updates to hydronic installation code |
The Canadian Institute of Plumbing and Heating (CIPH) recently held a free seminar on the updated version of CSA B214 Installation Code for Hydronic Heating Systems published earlier this year. |
Continue reading |
Alberta issues PVC pipe variance |
Alberta Municipal Affairs – Technical and Corporate Services has issued a safety variance to the National Plumbing Code of Canada allowing installers to use cellular core polyvinyl chloride (PVC) pipe in residential buildings containing one or two dwelling units, and row houses no more than three storeys high. |
Continue reading |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Someone has a sense of humour but the typo doesn’t inspire confidence.
|
|
|
|
|
|
|
|
|
|
|
|
|
Follow us today: |
|
You are receiving this monthly email because you have either subscribed directly or are a subscriber to the print or digital issues of Mechanical Business. Your personal and subscription information has not been shared with anyone else, including our suppliers. The strict privacy policy we endorse remains our priority. If you do not wish to receive our monthly newsletter, you may unsubscribe without affecting any subscription you may have to our magazine. |
Mechanical Business Inc., 19 – 1525 Cornwall Road, Oakville, ON L6J 0B2, Canada
Tel: 905-465-2919 || View in browser |
|
|
|
