Construction sector to contribute $151 billion to the economy

by tanya_martins_2 | May 22, 2024 12:58 pm

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The construction sector in Canada, which is currently employing 1.6 million people, will contribute $151 billion to the economy this year, accounting for 7.4 per cent of the country’s gross domestic product (GDP).

A fundamental part of the industry’s evolution is found in the office and commercial spaces. Sarens, the provider of crane rentals, heavy lift, and engineered transportation services, was responsible for placing 36 tonnes (40 ton) slabs for the construction of a new commercial concrete tilt-up building on behalf of the Capo Construction in Richmond, B.C.

With buildings representing almost 40 per cent of global greenhouse gas (GHG) emissions, the Canadian construction sector is poised to make a real impact on reducing carbon emissions.

Source URL: https://www.constructioncanada.net/construction-sector-to-contribute-151-billion-to-the-economy/

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