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Financing

EllisDon acquires Carillion Canada health care assets Ontario
News ConstructionFinancing

EllisDon acquires Carillion Canada health care assets

April 23, 2018 by Jillian Morgan

EllisDon is now the sole service provider for four Ontario health facilities previously under Carillion Canada operations. Plans to acquire the assets were announced in February. The company acquired 100 per cent of four Carillion entities that provide support services

News BridgesConstructionFinancing

Feds ordered savings review for Gordie Howe bridge over cost concerns

April 19, 2018 Jordan Press, The Canadian Press

Ottawa has been keeping a tight lid on how much the new cross-border bridge will cost to build

News ConstructionFinancing

Fairfax to acquire some Carillion Canada assets

February 5, 2018 by Jillian Morgan

Fairfax Financial has agreed to acquire certain assets and assume certain liabilities of Carillion Canada. Under the transaction, Fairfax will acquire the services business carried on by Carillion Canada and over 4,500 Carillion employees will move to Fairfax. Services include:

News ConstructionFinancing

Canadian Construction Association mobilizes members to oppose government-owned enterprises

January 30, 2018 Canadian Construction Association

The Canadian Construction Association (CCA) announced in an email to its board members, partner associations and corporate members that it has advised the government of Canada of its opposition to government-owned or controlled entities competing for construction contracts. Most recently,

News Financing

Ontario municipalities receive funding for downtown improvements

January 26, 2018 by Jillian Morgan

The Ontario government will invest $26 million to revitalize downtown and main streets across the province. Improvements include the installation of pedestrian crosswalks or landscaping. Municipalities can also direct funding to local businesses to improve the appearance of storefronts through

News ConstructionFinancing

Lac-Megantic rail bypass line to receive federal funding

January 26, 2018 by Jillian Morgan

The federal government will contribute “a substantial sum” toward the construction of a bypass railway line in Lac-Megantic, Que., said Minister of Transport Marc Garneau in a statement. The exact amount of the contribution is yet to be confirmed due

Independent study suggests Union construction firms are 'safer' than non-union workplaces.
News Financing

Government regulations cost small businesses $36 billion

January 24, 2018 by Jillian Morgan

The overall cost of regulation for Canadian businesses is $36.2 billion, reported the Canadian Federation of Independent Businesses (CFIB). According to the federation, $10 billion of that total can be considered unnecessary, redundant or overly burdensome “red tape.” The research

News ConstructionFinancingLabour

UK state contractor collapses in liquidation, putting 6,000 Canadian jobs at risk

January 16, 2018 The Associated Press

LONDON–One of the British state’s biggest contractors collapsed Monday, putting thousands of jobs at risk, after creditors and the government refused to bail out a company struggling under the weight of more than 1.5 billion pounds (CAD$2.6 billion) of debt.

News ConstructionFinancingInfrastructure

Construction spending south of the border hit record high in November

January 5, 2018 The Associated Press

  U.S. builders spent 0.8 per cent more on construction projects in November, the fourth consecutive monthly gain. November advance follows October’s revised 0.9 per cent gain, the Commerce Department said Wednesday. The increase brought total construction spending for the

News ConstructionFinancingInfrastructure

Infrastructure bank could be ‘key’ for U.S. Canada high speed rail: study

January 4, 2018 The Canadian Press

A multibillion-dollar proposal to connect Vancouver to the U.S. northwest by “ultra high-speed” rail appears to check off most, if not all, the boxes for funding consideration by Canada’s new infrastructure bank, argues a report commissioned by the Washington state

News ConstructionFinancing

CFIB calls for delay on new income sprinkling rules

December 18, 2017 by Corinne Lynds

New income sprinkling rules are a “lump of coal” for Canadian businesses, according to the Canadian Federation of Independent Business (CFIB). Changes to the Income Tax Act could mean more red tape for business owners, said Dan Kelly, president of

Feature Article Financing

Anatomy of a tax fight

December 15, 2017 Dan Kelly

You can’t blame business owners for feeling like they’re being bombarded by government. Increased EI premiums, new environmental levies, minimum wage hikes: announcements about new taxes and regulations became a common occurrence in 2017. But perhaps the most significant tax

News ConstructionFinancing

Prompt payment legislation for Ontario contractors passes unanimously

December 12, 2017 On-Site

An act to introduce a prompt payment system for Ontario contractors passed unanimously at Queen’s Park on Dec. 5. The Construction Lien Amendment, or Bill 142, will bring added adjudication measures to reduce payment delays for more than 400,000 contractors

News FinancingLabour

Small business gives Canada Revenue Agency a ‘C’

December 8, 2017 by Corinne Lynds

The majority of small businesses say Canada Revenue Agency’s performance is merely satisfactory, according to the latest CRA Report Card, released today by the Canadian Federation of Independent Business (CFIB). The ‘C’ grade is the same one the agency received in

News Financing

Deere & Company finalizes Wirtgen Group acquisition

December 5, 2017 On-Site

Deere & Company has completed its acquisition of German road construction equipment manufacturer, the Wirtgen Group. Deere announced a definitive agreement to purchase the international, privately held company in June 2017, with expectations to close in the first quarter of

News ConstructionFinancing

Small business confidence up, industry optimism down in November

December 5, 2017 Canadian Federation of Independent Businesses

Small businesses are optimistic, but confidence in the construction industry remains below the national average, according to the November Business Barometer Index by the Canadian Federation of Independent Businesses (CFIB). The monthly index, based on a national survey of business

News ConstructionFinancing

Explaining the construction industry’s productivity problem

August 18, 2017 The Economist

  According to The Economist, ever since the financial crisis, the world has been plagued by weak productivity growth. One explanation is that in uncertain times firms are keener to take more people on to the payroll than to invest

News FinancingInfrastructure

SNC-Lavalin creates new infrastructure investment vehicle

July 4, 2017 SNC-Lavalin 

MONTREAL – SNC-Lavalin has launched a new infrastructure investment vehicle, SNC-Lavalin Infrastructure Partners LP (“the Partnership”), to efficiently redeploy capital back into development opportunities. This vehicle will hold SNC-Lavalin’s interests in a selection of its mature Canadian infrastructure assets and will

News ConstructionFinancingInfrastructure

Western provinces to lead economic growth in 2017

May 29, 2017 by Corinne Lynds

OTTAWA – Alberta and Saskatchewan are expected to emerge out of recession and lead the provinces in economic growth this year, according to The Conference Board of Canada’s Provincial Outlook: Spring 2017. British Columbia is forecast to see growth ease this year,

News ConstructionFinancingInfrastructure

Canadian Construction Association’s reaction to the 2017 Federal Budget

March 23, 2017 CCA

OTTAWA – The Canadian Construction Association (CCA) sees the federal government’s Budget 2017 announcement as a reiteration of previous commitments made to the renewal of Canada’s infrastructure.  “While we expected to see greater detail regarding the Canada Infrastructure Bank and



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