ICIC Construction sector quarterly insights Q4 2022
This report was prepared by the Canadian Construction Association (CCA) to provide an overview of the last quarter, the current economic health of the industry, and its implications for member businesses.
Highlights:
Following a strong first six months in 2022, Canadian economic growth slowed down during Q3:
- Interest rates began to hamper economic growth.
- Severe workforce shortages and the rapid inflation of construction materials continued to hinder industry growth