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The Canadian economy managed to weather the Great Recession in rather good form compared to the U.S. economy. In 2009, Canada’s real GDP dropped 2.5%, compared to a 2.6% decline in the U.S. GDP. However, total employment only fell by 1.6% in Canada compared to a 4.2% drop in the U.S. Related Links: A Stalled Recovery Ready To Rev Up As the recovery took hold in late 2009 and early 2010, Canada managed to add back almost two-thirds of the jobs lost during the recession. As a result, the Canadian housing market was able to remain fairly solid. After falling
Even though the �Great Recession� of 2008-09 is now behind us, McGraw-Hill Construction�s new report, �2010 Special Sector Study: Education Construction in Hard Times,� reveals that it will continue to haunt the halls of schools and colleges across the country for some time to come. The construction of publicly-funded schools and colleges will continue to be weighed down by mushrooming state and local budget deficits, while the construction of privately-funded schools and colleges will suffer from a slump in alumni donations and the tumultuous movement of the stock market (where endowments are typically invested). Exacerbating this situation, the ongoing crisis
In its newest report, Transportation Infrastructure: Gearing Up for Change, McGraw-Hill Construction’s Research and Analytics takes a look at the current state of the nation’s transportation infrastructure and its prospects for the future—particularly given the recent investment made with the 2009 American Recovery and Reinvestment Act. Unfortunately, much more needs to be done to build and maintain the transportation infrastructure that is so critical to national competitiveness and American way of life, the report states. However, the substantial allocation for transportation in the ARRA, combined with the rapid obligation of ARRA transportation funding, will yield a strong market in the