ICBA C&C #8: Frozen interest rate and (finally) some dirt moves

Interest rates: frozen. Terminal 2: finally has a builder. And Beedie's moving dirt in Surrey.

Episode 8 of ICBA Coffee & Construction — the news that matters to the people who build British Columbia and Alberta, with ICBA's Jordan Bateman. On today's show:

☕ The Bank of Canada holds its key rate at 2.25% — what the freeze means for your operating line and equipment loans
🏗️ THE BIG ONE: The Port of Vancouver picks TerraMarine — Aecon, FlatironDragados, Van Oord and Carlson — to build the Roberts Bank Terminal 2 landmass and wharf. A decade of paperwork, and now the biggest port build in the country is real
🛢️ Pipeline week: Smith and Ford unveil the 3,300-km Northern Shield route from Hardisty to Sarnia — and Thursday, Calgary hears the next steps on the West Coast oil pipeline, with Mark Carney reportedly in the room
🚧 Beedie breaks ground on 60 acres and a million square feet of industrial space in Surrey
📉 A sentence we never thought we'd say: B.C.'s population is shrinking. ICBA Chief Economist Jock Finlayson and Ken Peacock on what that means for everyone who builds

📊 Get the ICBA Economics briefing — the most helpful email you'll get all week: https://icba.ca/economics

Read more on today's stories:
Terminal 2 contractor: https://canada.constructconnect.com/joc/news/infrastructure/2026/07/contractor-awarded-landmass-wharf-contract-for-roberts-bank-terminal-2-project
Northern Shield pipeline route: https://canada.constructconnect.com/dcn/news/projects/2026/07/premiers-smith-ford-unveil-proposed-west-east-oil-pipeline-route
Beedie in Surrey: https://storeys.com/beedie-south-campbell-heights-groundbreaking/
Jock & Ken's op-ed: https://icba.ca/economics-blog/op/ed-population-decline-exposes-b.c.s-growth-problem-1

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ICBA is Canada's largest construction association — the voice of B.C. and Alberta's open-shop builders: https://icba.ca

#construction #bcpoli #abpoli #BritishColumbia #Alberta #pipelines #PortOfVancouver #Surrey #ICBA

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What is ICBA Coffee & Construction?

The news that matters to the people who build British Columbia and Alberta.

ICBA Coffee & Construction is a fast, no-spin briefing for construction and resource business owners — the projects, the politics, and the policy decisions that hit your job site and your bottom line. Hosted by Jordan Bateman of ICBA, Canada's largest construction association, from a free-enterprise point of view.

Inflation, pipelines, megaproject overruns, housing, labour, red tape — we cut through the headlines and tell you what it actually means for your business. Sharp, useful, and under ten minutes.

New episodes every Monday, Wednesday, and Friday. Subscribe, and send it to one person who builds for a living.
Learn more at icba.ca. For the economics behind the headlines, subscribe to ICBA's twice-weekly EconoBot briefing at icba.ca/economics.