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

DAVID PARKINSON

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.