Statistics Canada says the value of building permits dropped 19.3 per cent in Saskatchewan, April to May. That was the biggest drop of the provinces. Four others were in negative territory even though the country on average saw values rise 4.7 per cent. There was a 5.2 per cent rise in Saskatchewan in the residential sector but it was offset by a 36.2 per cent drop in non-residential. Year-over-year, there was a drop of 0.4 per cent nationally. Saskatchewan had a 9 per cent decline with a 12.9 per cent drop in residential and 4.1 per cent in non-residential.
The Saskatoon Metropolitan area saw a drop of 33 per cent month to month. Of 37 CMA’s checked, 19 others were also in negative territory. Three were actually lower than our numbers. Nationally, there was a rise of 4.1 per cent. May-to-May, we were off 23.6 per cent here. 21 other centres were also down. The national average was a decline of 3.6 per cent. 13 centres were lower than us.
Value of Building Permits Declines
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The Candian government wants the country’s banks to identify, in customers’ bank statements when they receive the carbon rebate, that it is labelled as such.
Environment Minister Steven Guilbeault says the lack of a clear identifier is contributing to confusion about carbon price rebates, so he is going to change the law if he has to in order to force the big banks to identify the carbon rebate by name when doing direct deposits.
The first rebate deposits in 2022 were labelled very generically, which meant recipients had no idea why they were getting the money.
T-D and B-MO have adopted the government’s requested “CdaCarbonRebate” entry, R-B-C and Scotiabank say they couldn’t make the change in time for the rollout, and C-I-B-C is still calling it “Deposit Canada.”