Take Stock – September 9

Contractors took out just over $4.6 billion worth of building permits in July, 11.4 per cent fewer than in June.

Toronto strike a factor in building permit slip

Contractors took out just over $4.6 billion worth of building permits in July, 11.4 per cent fewer than in June. Statistics Canada says an important factor in the decline was the strike by civic workers in Toronto, which shut down municipal offices for most of the month. Municipalities issued about $2.6 billion in residential permits in July, down 4.1 per cent, and just over $2.0 billion in non-residential permits, a 19.3 per cent drop. Excluding Toronto, the total value of building permits declined by 1.8 per cent, the value of residential permits increased 7.4 per cent instead of declining and non-residential permits declined 11.6 per cent instead of 19.3. The value of building permits fell in four provinces in July: Ontario, Alberta, Quebec and British Columbia, with Ontario recording the largest slide at 27.5 per cent to $1.4 billion.

The Forzani group reports $4.4 million loss in Q2

Canada’s largest sporting goods retailer cited the recession, poor summer weather, the restructuring of some of its stores and the distraction of a proxy fight for dismal returns in the second-quarter of fiscal 2010. The Forzani Group Ltd. (TSX:FGL), with more than 550 corporate and franchise stores across Canada under 16 banners, said Tuesday it suffered a loss of $4.4 million or 14 cents a share in the quarter. That compared with a profit of $1.5 million or five cents a share in the same quarter last year. Revenue for the period ended Aug. 2 was $296.5 million, almost unchanged from $295.5 million in the year-ago period. Retail system sales, which includes sales from corporate and franchise stores, were $348.4 million, a decrease of $8.3 million or 2.3 per cent from the comparable 13-week sales of $356.7 million in the second quarter of fiscal 2009, the company said. Same-store sales fell one per cent.

Just Posted

City Hall Park construction begins next week

Construction to update Red Deer’s City Hall Park is set to begin… Continue reading

PHOTOS: Jazz at the Lake begins

The 16 annual event began Friday and runs until Sunday in Sylvan Lake

Photos: Lunchtime tunes on Alexander Way

Final concert of the summer

Clearwater regional firefighters in B.C.

Crew operating west of Prince George

PHOTOS: Samson Cree Nation Pow Wow

The Samson Cree Nation hosted its annual Pow Wow, celebrating youth last weekend

WATCH: Feasting at Red Deer Ribfest this weekend

Ribfest runs until Sunday at Rotary Recreation Park

Canadians believe in immigration but concerned about asylum seekers: study

OTTAWA — Canadians are generally supportive of current immigration levels, a survey… Continue reading

Quebec announces plan to compensate taxi drivers after Uber’s arrival

MONTREAL — The Quebec government has outlined how it intends to compensate… Continue reading

Hospitals to see ‘delays’ in care after losing Saudi students, health group says

OTTAWA — The loss of Saudi Arabian resident physicians in Canada’s hospitals… Continue reading

PHOTOS: B.C. city wakes up to darkness under wildfire smoke

The rest of the province also dealing with thick haze as smoky skies continue

Death Valley worker has seen highest, lowest temperatures

LAS VEGAS — Thousands of tourists descend on Death Valley each summer… Continue reading

Banff’s Sunshine ski resort upset with proposed guidelines from Parks Canada

BANFF, Alta. — An internationally known ski resort in Banff National Park… Continue reading

Folk singer Ian Tyson cancels show due to ‘serious medical situation’

TORONTO — Canadian folk singer-songwriter Ian Tyson has cancelled his appearance at… Continue reading

Judge lifts publication ban, revealing details about Fredericton shooting

FREDERICTON — Newly released documents reveal how last week’s deadly attack unfolded… Continue reading

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month