Canada Construction Costs Up 0.8% in Q3; Alphabet’s 12% Drop Sinks Nasdaq

Canada’s building‑construction price index rose in the third quarter of 2026, with residential costs climbing 0.8% and non‑residential costs up 1.2%, following 0.6% and 1.4% gains in the prior quarter. Meanwhile, U.S. equity markets slipped on Thursday as Alphabet’s earnings disappointed investors. Shares of the Google parent fell more than 12%, wiping roughly $480 billion from its market value and dragging the Nasdaq down 1.4%. The S&P 500 and Dow also fell 0.3% each. The decline came after the Federal Reserve left rates unchanged, while the European Central Bank held its benchmark rate at 2.5%. Alphabet’s report highlighted a planned increase in 2027 capex, raising concerns about the return on its AI‑related spending.