01:40:01 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Amazon.com CDRs (CAD Hedged)
Symbol AMZN
Shares Issued 26,250,000
Close 2024-12-16 C$ 27.74
Market Cap C$ 728,175,000
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Globe says Amazon helps improve office-market outlook

2024-12-17 08:42 ET - In the News

The Globe and Mail reports in its Tuesday edition that the 2025 forecast for Canadian commercial real estate is the brightest it has been since the pandemic, with transactions expected to rebound and more companies looking to expand their office space. In a Globe special, Wallace Immen writes, however, that the industry is still expected to experience headwinds owing to fast-changing work patterns, artificial-intelligence technology developments, growing sustainability concerns and the looming uncertainty of the new U.S. administration. Companies' efforts to get their employees back in the office are gaining momentum. For example, Amazon is forcing employees to return to the office full-time, while management consulting firm McKinsey in Miami and Boston recently told staff they should expect to return to the office more often. A recent survey from CBRE indicates that more companies are looking to grow their office space this year, while fewer are looking to downsize compared with last year. A KPMG survey of 1,325 Canadian chief executive officers found 83 per cent want employees to come back to the office full-time, while 90 per cent say they are likely to reward employees who make an effort to come into the office.

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