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The construction equipment sector is still working through supply chain issues that bedeviled it in 2021, while an active construction market ikeeps machines in use longer and constrains the flow of used iron into the normal secondary channels.
ENR’s Construction Industry Confidence Index remained steady in Q1, rising slightly to a rating of 61, a one-point bump from the final quarter of 2021. The index had fallen the previous two quarters.
Ex-president of Bondfield Construction, once a major Ontario public contractor, will appeal the repay order, which the court said is based on a bankruptcy monitor's allegation of fraudulent invoicing.