I'm gonna side with 4444 on this,
The margins for hard dollar bids on industrial construction projects have been grinding down for a while now, it's to the point that some of our vendors don't even want to bid cause they are sick of losing to low ballers... and trust me, the prices I'm seeing are waaayyy too low.
In addition to the above, people I know, who work in the same area of the industry as me, are having issues landing work because there seems to be a lot of downward pressure on pay rates... too much competition. These aren't labourers or tradespeople, these are CMs, PMs, engineers, inspectors, etc.
The most logical explanation is simply a matter of not enough work to go around. Canada is a resource based economy, when the industries nearest to the resources are being affected, all industries are affected.
I'm not saying that tomorrow the world is going to fall apart, but within the next 6-12 months I think we will see some disappointing unemployment numbers start to come out.
What do the Nyancats have to do with the economy???
... Nyancats have EVERYTHING not to do with the economy!!!!