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The Bow skyscraper towers over Calgary.
The Bow skyscraper towers over Calgary.
(Chris Bolin For The Globe and Mail)


As Calgary’s skyscrapers reach higher, the foundations are beginning to crack

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There’s a semi-serious economic indicator called the “skyscraper index,” which holds that the construction of particularly tall office towers is often a harbinger of an economy about to go into the toilet. If that’s the case, Calgary had better brace for an unpleasant splashdown.