Back to basics: construction is a leading indicator of economic activity, unemployment rate is a lagging indicator.  Most people either don't know this or they forget it.  In past recessions, unemployment figures reflected a recovery at least 6 months after the recovery cycle had started, whereas new construction starts were registered six to eight months in advance.  We have the improved results with regards to construction from the US, and things have already been better in Canada for the past few months.  More than anything else, people are feeling better, and that to me is the biggest indication of things turning around.  2012, the world won't end, it will indeed begin a new phase of growth 



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