News

The world’s two largest home improvement retailers published financial results for the second quarter of fiscal year 2026. ­­­­­The Home Depot, Atlanta, GA, reported second quarter, which ended August 2, net sales were $47.9 billion, up 5.7% over the comparable period in 2025. Net earnings rose 4.7% to $4.8 billion when compared to Q2 of fiscal

In July, the standalone seasonally adjusted annual rate (SAAR) for Canadian housing starts across all areas came in at 229,074 units, 4.9% under June. The SAAR trend of urban starts slipped 0.4% from the prior month to 235,662, with single-family levels 2.1% lower at 38,796 and multi-unit totals easing 0.1% to 196,866. The six-month trend

June Canadian building construction investment totaled $23.2 billion (CAD), decreasing 0.5% from May but increasing 5.7% from the comparable month last year. Residential construction spending fell 0.6% from May to $16.1 billion and non-residential totals were down 0.1% to $7.1 billion. Seasonally adjusted single-family investment was 0.9% higher than May at $7.5 billion, while multi-unit

June Canadian building permits totaled $14.9 billion, increasing 18.5% from May and 22.4% from the comparable month last year. Residential authorizations grew 6.3% from May and 12.3% from June 2025 to $8.1 billion. Single-family building permits were $2.8 billion, up 7.5% month-over-month and 12.8% from last year. Multi-family permits improved 5.6% from May and 12.1%

Seasonally adjusted Canadian wood product sales in June were $2.9 billion (CAD), up 5.1% from May but 3.2% lower than the comparable month last year. Sales of furniture and related products were $1.2 billion, dropping 3.5% month-over-month and 4.5% from June 2025. Overall, Canadian manufacturing sales across all industries totaled $78.8 billion, improving 0.1% from

Registration continues for CPA’s 2026 Fall Meeting in Savannah, GA, from September 27-29, at the Hyatt Regency, conveniently located near Savannah/Hilton Head International Airport (SAV). Attendees are encouraged to reserve hotel rooms at the special group rate as soon as possible, as the hotel is expected to sell out. The discount rate is available through