July 2012 Maritime Economic Fundamentals
- Thread starter Ally
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Halifax International Airport runway extension takes off
In a bid to see its share of the air cargo market take off, Halifax Stanfield International Airport is set to extend its main runway.
Runway 05/23 will be extended by 400 metres at the south end by Old Guysborough Road and by 110 metres at the north end toward Enfield, increasing its total length to 3,150 metres from its existing 2,640 metres.
The bulk of the work on the $28-million extension, announced in February 2011, is set to start July 30 and be completed by Nov. 15.
Read the full article here.
In a bid to see its share of the air cargo market take off, Halifax Stanfield International Airport is set to extend its main runway.
Runway 05/23 will be extended by 400 metres at the south end by Old Guysborough Road and by 110 metres at the north end toward Enfield, increasing its total length to 3,150 metres from its existing 2,640 metres.
The bulk of the work on the $28-million extension, announced in February 2011, is set to start July 30 and be completed by Nov. 15.
Read the full article here.
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The future of downtown Halifax
Sixty years ago, downtown was the place to be, wherever you lived.
Everything was there: bars, restaurants, retailers and banks. In Halifax, that included Barrington Street and Gottingen. Now, you`ve got your churches, NGO offices, a few cafes and pizza joints and the odd chotchkie dealer. Smack in the middle you`ve got the notorious Cogswell Interchange, the dismantling of which is oft-discussed, yet there it stands.
Read the full article here.
Sixty years ago, downtown was the place to be, wherever you lived.
Everything was there: bars, restaurants, retailers and banks. In Halifax, that included Barrington Street and Gottingen. Now, you`ve got your churches, NGO offices, a few cafes and pizza joints and the odd chotchkie dealer. Smack in the middle you`ve got the notorious Cogswell Interchange, the dismantling of which is oft-discussed, yet there it stands.
Read the full article here.
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Top 10 owners of downtown Halifax by area and value
This week, we mapped the private and public entities that own downtown Halifax, and profiled six of the major private owners. The six weren`t chosen for any one reason`they were picked for their combination of strategy, wealth, number of properties and land area. Think Monopoly.
But owning most of the banking district like Michael Veit and Edgar Reifer do, or an island-selling business like Farhad Vladi, doesn't necessarily mean your properties are worth the most money.
We crunched the numbers and, as indicated by our heat map in Tuesday's story, if holding valuable real estate is your goal, you`re better off owning Scotia Square or the Maritime Centre (a.k.a. the Aliant Building).
Read the full article here.
This week, we mapped the private and public entities that own downtown Halifax, and profiled six of the major private owners. The six weren`t chosen for any one reason`they were picked for their combination of strategy, wealth, number of properties and land area. Think Monopoly.
But owning most of the banking district like Michael Veit and Edgar Reifer do, or an island-selling business like Farhad Vladi, doesn't necessarily mean your properties are worth the most money.
We crunched the numbers and, as indicated by our heat map in Tuesday's story, if holding valuable real estate is your goal, you`re better off owning Scotia Square or the Maritime Centre (a.k.a. the Aliant Building).
Read the full article here.
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New Halifax convention centre will soon break ground
Construction of the new World Trade and Convention Centre in downtown Halifax is set to begin within weeks, once all the documents are signed.
Contract negotiations on the convention centre lease between the provincial government and the developer, Rank Inc., were finalized recently and received cabinet approval Thursday, a government source said.
Halifax regional council is slated to deal Tuesday with a `memorandum of agreement` spelling out operational funding and how the new World Trade and Convention Centre will be managed.
Read the full article here.
Construction of the new World Trade and Convention Centre in downtown Halifax is set to begin within weeks, once all the documents are signed.
Contract negotiations on the convention centre lease between the provincial government and the developer, Rank Inc., were finalized recently and received cabinet approval Thursday, a government source said.
Halifax regional council is slated to deal Tuesday with a `memorandum of agreement` spelling out operational funding and how the new World Trade and Convention Centre will be managed.
Read the full article here.
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Expect quick start for Halifax's convention centre project
The new Halifax convention centre is going to be built despite vocal opposition.
Now that city council has approved a management deal with the province, the official signing of the 25-year lease with private developer Rank Inc. is expected soon.
In fact, the lease signing could happen Thursday when all three governments and Rank will be on hand for a news conference at Neptune Theatre, near the proposed convention centre site.
Read the full article here.
The new Halifax convention centre is going to be built despite vocal opposition.
Now that city council has approved a management deal with the province, the official signing of the 25-year lease with private developer Rank Inc. is expected soon.
In fact, the lease signing could happen Thursday when all three governments and Rank will be on hand for a news conference at Neptune Theatre, near the proposed convention centre site.
Read the full article here.
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'Starting gun' goes off on shipbuilding in Halifax
A preliminary deal with Irving Shipbuilding Inc. will result in no new jobs but is an `important step` in the overall federal shipbuilding procurement strategy, officials said Tuesday.
The $9.3-million contract, unveiled at a Halifax Shipyard news briefing Tuesday morning, will mean that Irving will conduct preparatory work that includes a review of the design and specifications of the existing fleet of Arctic offshore patrol ships and complete an execution strategy on the new patrol ships project.
Read the full article here.
A preliminary deal with Irving Shipbuilding Inc. will result in no new jobs but is an `important step` in the overall federal shipbuilding procurement strategy, officials said Tuesday.
The $9.3-million contract, unveiled at a Halifax Shipyard news briefing Tuesday morning, will mean that Irving will conduct preparatory work that includes a review of the design and specifications of the existing fleet of Arctic offshore patrol ships and complete an execution strategy on the new patrol ships project.
Read the full article here.
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Halifax real estate market 'unbelievably hot,' realtor says
Halifax`s housing market is roaring ahead as low inventory and strong demand push up prices.
The average price of detached bungalows in the city increased 7.3 per cent to $285,833 over the second quarter of last year, according to a Royal LePage house price survey released Tuesday.
Read the full article here.
Halifax`s housing market is roaring ahead as low inventory and strong demand push up prices.
The average price of detached bungalows in the city increased 7.3 per cent to $285,833 over the second quarter of last year, according to a Royal LePage house price survey released Tuesday.
Read the full article here.
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Hot Halifax housing market sees prices on the rise
For those looking to buy or sell homes in HRM, now is a great time to do it, analysts say.
With bright employment prospects and low interest rates driving up housing prices, the market in Halifax continues a steady rise, an increase of more than five per cent from the second quarter in 2011.
That increase is also slightly above the national average, according to the Royal LePage House Price Survey and Market Survey Forecast report issued on Tuesday.
Read the full article here.
For those looking to buy or sell homes in HRM, now is a great time to do it, analysts say.
With bright employment prospects and low interest rates driving up housing prices, the market in Halifax continues a steady rise, an increase of more than five per cent from the second quarter in 2011.
That increase is also slightly above the national average, according to the Royal LePage House Price Survey and Market Survey Forecast report issued on Tuesday.
Read the full article here.
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ILO warns Eurozone risks losing 4.5 million more jobs
That rise would take unemployment in the 17-nation bloc to 22 million.
The ILO said a concerted policy shift away from austerity towards job creation was needed.
"It's not only the eurozone that's in trouble, the entire global economy is at risk of contagion," it said.
Read the full article here.
That rise would take unemployment in the 17-nation bloc to 22 million.
The ILO said a concerted policy shift away from austerity towards job creation was needed.
"It's not only the eurozone that's in trouble, the entire global economy is at risk of contagion," it said.
Read the full article here.
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5 'real world' signs of the coming Chinese apocalypse
From shrinking trade to stalling factories to surprise rate cuts, signs are mounting that China is headed for a hard landing.
Tuesday investors fretted as China`s imports in June grew at half the expected pace, entrenching concerns that domestic demand in the world`s second-largest economy is cooling quickly.
The news was also not a good harbinger for China first-half GDP data to be released later this week.
Read the full article here.
From shrinking trade to stalling factories to surprise rate cuts, signs are mounting that China is headed for a hard landing.
Tuesday investors fretted as China`s imports in June grew at half the expected pace, entrenching concerns that domestic demand in the world`s second-largest economy is cooling quickly.
The news was also not a good harbinger for China first-half GDP data to be released later this week.
Read the full article here.
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Jazz to shift jobs to Halifax
Roughly 150 Halifax jobs are expected to be created next summer, thanks to Jazz Aviation LP`s decision to order six new airliners to revitalize its aging fleet.
Chorus Aviation Inc., the Halifax parent company of Jazz Aviation, said Thursday that it has ordered six Q400 NextGen Bombardier Aerospace airliners.
Read the full article here.
Roughly 150 Halifax jobs are expected to be created next summer, thanks to Jazz Aviation LP`s decision to order six new airliners to revitalize its aging fleet.
Chorus Aviation Inc., the Halifax parent company of Jazz Aviation, said Thursday that it has ordered six Q400 NextGen Bombardier Aerospace airliners.
Read the full article here.
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BMO: Hot Halifax market could be sunk by stalled population growth
A new report examining Halifax`s economy paints a portrait of a city with surging employment, a flourishing private sector and a red-hot housing market.
But reconciling a massive job boom with sputtering population growth threatens to take the wind out of Halifax`s sails.
The BMO Capital Markets report, titled Halifax: Growth in its Sails, forecasts that the city`s unemployment rate will drop to four per cent by 2016, from its rate in June of 6.8 per cent.
Read the full article here.
A new report examining Halifax`s economy paints a portrait of a city with surging employment, a flourishing private sector and a red-hot housing market.
But reconciling a massive job boom with sputtering population growth threatens to take the wind out of Halifax`s sails.
The BMO Capital Markets report, titled Halifax: Growth in its Sails, forecasts that the city`s unemployment rate will drop to four per cent by 2016, from its rate in June of 6.8 per cent.
Read the full article here.
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$28 million to be spent to expand Canadian weather centres
CFB GAGETOWN, N.B. ` Defence Minister Peter MacKay has announced a $28.1 million project to improve weather forecasting services for the military.
MacKay made the announcement Tuesday at Canadian Forces Base Gagetown, where $5.1 million is being spent to expand the existing meteorological centre on the New Brunswick base.
He said the Gagetown facility will consolidate forecasting and briefing functions from Alberta to the East Coast, including the Arctic.
Read the full article here.
CFB GAGETOWN, N.B. ` Defence Minister Peter MacKay has announced a $28.1 million project to improve weather forecasting services for the military.
MacKay made the announcement Tuesday at Canadian Forces Base Gagetown, where $5.1 million is being spent to expand the existing meteorological centre on the New Brunswick base.
He said the Gagetown facility will consolidate forecasting and briefing functions from Alberta to the East Coast, including the Arctic.
Read the full article here.
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Deep Panuke back in production by the end of summer
The Deep Panuke offshore field is expected to be producing 300 million cubic feet of gas daily later this year when it reaches full production, says the president of the company operating the field.
Encana Corp. president and chief executive officer Randy Eresman made the comment during a conference call with investment analysts Wednesday after his struggling company reported a $1.5-billion second-quarter loss.
Encana officials say production is still slated to start later this summer at the Deep Panuke field, about 250 kilometres southwest of Halifax, even though Eresman said the energy giant is moving its focus away from natural gas to natural gas liquids production due to slumping global gas prices.
Read the full article here.
The Deep Panuke offshore field is expected to be producing 300 million cubic feet of gas daily later this year when it reaches full production, says the president of the company operating the field.
Encana Corp. president and chief executive officer Randy Eresman made the comment during a conference call with investment analysts Wednesday after his struggling company reported a $1.5-billion second-quarter loss.
Encana officials say production is still slated to start later this summer at the Deep Panuke field, about 250 kilometres southwest of Halifax, even though Eresman said the energy giant is moving its focus away from natural gas to natural gas liquids production due to slumping global gas prices.
Read the full article here.