Business cycle

Fraser Institute News Release: Nearly half of all Canadian private sector industries experienced a major drop in investment from 2015-19

Retrieved on:

Thursday, July 29, 2021

Business cycle, Economics, Recession, Unemployment

VANCOUVER, British Columbia, July 29, 2021 (GLOBE NEWSWIRE) -- Seven of 15 Canadian industries experienced an overall decline in investment from 2015 to 2019, according to a new analysis by the Fraser Institute, an independent non-partisan Canadian think tank.

Key Points:

VANCOUVER, British Columbia, July 29, 2021 (GLOBE NEWSWIRE) -- Seven of 15 Canadian industries experienced an overall decline in investment from 2015 to 2019, according to a new analysis by the Fraser Institute, an independent non-partisan Canadian think tank.
In a troubling trend, a wide range of industries in Canada have experienced a decline in investment, which is bad news for the economy, said Steven Globerman, senior fellow at the Fraser Institute and co-author of Industry-Level Private Sector Capital Expenditures in Canada: 1990-2019.
From 2015 to 2019, despite the absence of a major recession (as Canada experienced in the early 1990s and 2008-09), more domestic industries experienced decreases in capital investment than at any time since 1990.
Crucially, a majority of the 15 industries experienced decreases in investment in machinery, equipment, and intellectual property products (such as software), all of which significantly affect productivity and living standards.

Manufacturing is leading Canada's economy out of recession, though domestic and global challenges remain, new report shows

Retrieved on:

Monday, July 19, 2021

Business cycle, Economics, Recession, Unemployment

The report also shines a light on resiliency in the energy sector, and how Toronto and Vancouver have managed to recession-proof their economies.

Key Points:

The report also shines a light on resiliency in the energy sector, and how Toronto and Vancouver have managed to recession-proof their economies.
Key findings in this quarter's report include:
Q1 manufacturing sales & railway car loadings surpassed pre-pandemic outputs.
Rising consumer expectations coincided with the rebound in manufacturing new orders, which shows the importance of the production sector in downstream economic activity.
For more information on RSM Canada's 'The Real Economy: Canada', or to download the report, please visit their webpage .

Housing Supply Limiting Market Potential, According to First American Potential Home Sales Model

Retrieved on:

Friday, July 16, 2021

Finance, Professional services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Articles, Economy, Business cycle, Unemployment, Business process, Distribution, Sales, Recession, the Potential Home Sales Model, First American, THE POTENTIAL HOME SALES MODEL, FIRST AMERICAN

The market potential for existing-home sales increased 17.0 percent compared with a year ago, a gain of 922,000 (SAAR) sales.

Key Points:

The market potential for existing-home sales increased 17.0 percent compared with a year ago, a gain of 922,000 (SAAR) sales.
Currently, potential existing-home sales is 447,354 (SAAR), or 6.6 percent below the pre-recession peak of market potential, which occurred in April 2006.
Housing market potential strengthened modestly in June, increasing 0.2 percent compared with May, according to our Potential Home Sales Model, said Mark Fleming, chief economist at First American.
While actual existing-home sales have declined for four months in a row, the market potential for existing-home sales has increased.

Heartland Alliance Report: COVID-19 Pandemic and Recession Hit Black and Latino Illinoisans Harder Than White Illinoisans

Retrieved on:

Tuesday, July 13, 2021

Business cycle, Economics, Recession, Unemployment

CHICAGO, July 13, 2021 /PRNewswire-PRWeb/ -- Heartland Alliance's Annual Signature Report releases data showing that Black and Latino Illinoisans carried the biggest burden from the COVID-19 pandemic and resulting recession.

Key Points:

CHICAGO, July 13, 2021 /PRNewswire-PRWeb/ -- Heartland Alliance's Annual Signature Report releases data showing that Black and Latino Illinoisans carried the biggest burden from the COVID-19 pandemic and resulting recession.
In order for our state to bounce back equitably from the pandemic, we must invest in the communities it hit hardestthat means Black and Latino communities."
The report "The COVID-19 Domino Effect: How the pandemic deepened systemic oppression for Black and Latino Illinoisans," analyzes new data from the U.S. Census Bureau and Illinois Department of Public Health.
Latino Illinoisans lacked health insurance (20%) during the pandemic at a rate twice as high as Illinois overall (10%).

Exela Technologies Reports Significant Boost to Cash and Cash Equivalents to over $205 Million and Remains on Path to Deleverage

Retrieved on:

Wednesday, July 7, 2021

Debt, Business cycle, Deleveraging, Economy, Cash and cash equivalents, Articles

As an initial step, Exela intends to target an annual debt service reduction of $25 million.

Key Points:

As an initial step, Exela intends to target an annual debt service reduction of $25 million.
The higher liquidity will help us better leverage our tech enabled business services model by enabling us to fund our growth.
Furthermore, the targeted $25 million permanent reduction in annual debt service creates significant value to equity holders as the Company executes its strategic deleveraging.
As of June 30, 2021, the Company had over $205 million of cash and cash equivalents.

Atlas Technical Consultants Acquires O’Neill Service Group

Retrieved on:

Wednesday, July 7, 2021

Business cycle, Debt, Deleveraging, Atlas, Economy, Articles

AUSTIN, Texas, July 07, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (Atlas or the Company), a leading Infrastructure and Environmental solutions provider, announced today that it has completed the acquisition of ONeill Service Group (OSG), a premier construction quality assurance and environmental services firm.

Key Points:

AUSTIN, Texas, July 07, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (Atlas or the Company), a leading Infrastructure and Environmental solutions provider, announced today that it has completed the acquisition of ONeill Service Group (OSG), a premier construction quality assurance and environmental services firm.
OSGs addition to Atlas will also help in deleveraging Atlas balance sheet.
OSGs founder, Dennis ONeill, will continue to lead the OSG team in coordination with Atlas senior leadership.
Under the name Atlas Technical Consultants, we offer solutions to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets.

Bloomberg Intelligence’s Chief U.S. Economist Carl J. Riccadonna Speaks with Capital Market Laboratories - ‘there is immense slack in the economy.’

Retrieved on:

Wednesday, June 30, 2021

Articles, Economy, Economics, Business cycle, Unemployment, Great Recession, World economy, Economy of the United States, Inflation, Recession, Economic growth

LOS ANGELES, June 30, 2021 (GLOBE NEWSWIRE) -- In a conversation with Capital Market Laboratories (CMLviz), Bloomberg Intelligence Chief U.S.

Key Points:

LOS ANGELES, June 30, 2021 (GLOBE NEWSWIRE) -- In a conversation with Capital Market Laboratories (CMLviz), Bloomberg Intelligence Chief U.S.
Economist Carl J. Riccadonna had clear messages:
While the darkest days of COVID are far behind us, the jobs deficit right now is not very different from where it was at the darkest moment of the 2008, 2009 recession.
With regard to U.S. GDP growth, were just cresting the hill and were going to see slower and slower growth although it will still be well above trend with very healthy economic growth.
In a conversation with the Chief U.S. economist, we discussed inflation, the outlook moving forward, and a broad array of data.

Housing Market Outlook Pits ‘Homebodies’ Against Pandemic-Fueled Demand, According to First American Potential Home Sales Model

Retrieved on:

Tuesday, June 22, 2021

The market potential for existing-home sales increased 22.7 percent compared with a year ago, a gain of 1,173,038 (SAAR) sales.

Key Points:

The market potential for existing-home sales increased 22.7 percent compared with a year ago, a gain of 1,173,038 (SAAR) sales.
Currently, potential existing-home sales is 453,138 (SAAR), or 6.7 percent below the pre-recession peak of market potential, which occurred in April 2006.
Housing market potential strengthened again last month, according to our Potential Home Sales Model, despite significant supply headwinds.
House-buying power drives the market potential for existing-home sales, but market potential is limited by what you can buy.

Study on Traffic Deaths Makes Strong Case for Remote Work

Retrieved on:

Thursday, June 17, 2021

Economy, Articles, Human activities, Business cycle, Economics, Recession, Unemployment, Telecommuting, Gumus

The study, recently published in the journal Social Science & Medicine, revealed that traffic deaths tied to the workplace increase during robust economic times and decline during recessions, a clear indication that fewer workers on the roads leads to better traffic safety.

Key Points:

The study, recently published in the journal Social Science & Medicine, revealed that traffic deaths tied to the workplace increase during robust economic times and decline during recessions, a clear indication that fewer workers on the roads leads to better traffic safety.
Gumus and French estimated that a one percentage point decline in the state unemployment rate is tied to a 4.7 percent increase in work-related traffic fatalities.
The findings could help convince U.S. employees and employers that some amount of remote work should become a permanent option.
Gumus and French did not study the recession caused by the pandemic because the data is not yet complete.

My Alarm Center Announces Completion of Deleveraging and Recapitalization Transaction Providing it with Significant Capital Available for Acquisitions

Retrieved on:

Friday, June 11, 2021

Business cycle, Debt, Deleveraging, Alarm device, Articles, Safety, Economy

NEWTOWN SQUARE, Pa., June 11, 2021 /PRNewswire/ -- My Alarm Center ("the Company") today announced that it has successfully completed a deleveraging and recapitalization transaction.

Key Points:

NEWTOWN SQUARE, Pa., June 11, 2021 /PRNewswire/ -- My Alarm Center ("the Company") today announced that it has successfully completed a deleveraging and recapitalization transaction.
My Alarm Center is the 7th largest residential home security provider in the United States.
My Alarm Center has been a leader in acquisitions of accounts and businesses in the residential home security industry for over 20 years.
Alarm Capital Alliance is the acquisition vehicle of My Alarm Center, and it dominates a critical industry niche of providing capital through acquisitions to small and midsized residential home security companies.