Vancouver Economy Fastest Growing in Canada
Vancouver is expected to have the fastest growing metropolitan economy in Canada this year, according to The Conference Board of Canada’s Metropolitan Outlook released September 23. Vancouver is on track to post the fastest economic growth among 13 major cities in Canada with Toronto and Winnipeg rounding out the top three performers.
In all, manufacturing output is expected to grow by an impressive 8.6 per cent in 2015. The services sector is also expected to see strong increases, led by wholesale and retail trade, which is expected to grow by 5 per cent due to strong employment. Finance, insurance, real estate and business services are all expected to see growth over 4 per cent.
Although construction output is expected to dip in 2015, the downturn is expected to be short-lived. Housing starts are expected to rise by 8.1 per cent to 20,800 units this year and remain near this level over the next couple of years. Similarly, non-residential construction will remain healthy, with work starting on a number of new projects and continuing on several others, including the Trump International Hotel and Tower, the Vancouver International Airport, and the Port Mann water supply tunnel.
Vancouver’s economy is forecast to expand by 3.4 per cent in 2015 and rise by a further 3.5 per cent in 2016. Hit hard by the slump in oil prices, Calgary and Edmonton face recession in 2015.
Canadian Students Earn ASHRAE Scholarships
Three Canadian students are among 29 recipients of ASHRAE engineering scholarships for 2015-16. Since 1988, ASHRAE has awarded U.S. $1.45 million in financial assistance to more than 300 undergraduate and graduate students, including $152,000 for the pending school year.
Ivan Beentjes, a mechanical engineering student at the University of Waterloo, and Michael Newman, a mechanical engineering student at the University of Manitoba, received the Reuben Trane Scholarship, established to honour the memory of the innovative engineer, inventor and founder of Trane Co. The U.S. $10,000 (CAD $13,300) award will be bestowed over two academic years.
Michael Schlosser, a mechanical engineering student at the University of Windsor received the U.S. $5,000 (CAD $6,650) Frank M. Coda Scholarship, created in the memory of ASHRAE’s former executive vice president.
The scholarship program’s stated goal is to “motivate students and prospective students worldwide to pursue an engineering or technology career in the HVAC&R field”.
The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) and the United Nations Environmental Programme (UNEP) have agreed to work together on the development of a global qualifications program for refrigerant supply chain networks in response to the depleting ozone layer.
Known as “refrigerant driving license” (RDL), the program will target the sound and safe management of refrigerants and accelerate the transition to greener types.
“Working with UNEP and developing the RDL is one very important aspect of the industry’s focus on ensuring the proper, safe, and environmentally sound management of refrigerants,” said AHRI President and CEO, Stephen Yurek. “AHRI’s relationship with UNEP will provide an excellent platform for working with other associations and institutes, creating a global network to support the safe handling of refrigerants.”
In addition to reaching targets instigated by the Montreal Protocol—an international treaty to protect the ozone layer—the agreement will also advance the skills of field specialists as new technologies surface.