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…
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…
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…
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…
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,…
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…
MONTRÉAL – “With the tabling of its budget today, the Canadian government shows some good intentions in making relevant investments, especially in the area of innovation, training and infrastructures,” remarked Conseil du patronat du Québec (CPQ) president Yves-Thomas Dorval. “But…
Today, the Progressive Contractors Association of Canada (PCA) welcomed the federal government’s budget commitments in the area of skills training but also cautioned against consistent deficit spending and increased payroll taxes. The government’s support for skills training is focused on…
Following an increase of just 1.3 per cent last year, Canada’s economic growth is expected to accelerate to 1.9 per cent in 2017, according to The Conference Board of Canada’s Canadian Outlook: Winter 2017. “Last year, Canada’s economic growth was…
The crystal ball for Canadian construction next year was already cloudy before Donald Trump was elected the 45th president of the United States. That one event has thrown a lot of forecasts into the trash bin. It’s difficult…
Canada has been home to a variety of megaprojects in recent years. None will be more visually stunning than the new Champlain Bridge (NCB) in Montreal, which will replace the existing Champlain Bridge in 2018. The existing bridge crosses the…
The Conference Board of Canada’s Composite Leading Index increased by 0.9 points to 109.1 in June, suggesting a slight acceleration in economic growth six months from now. “The best news in June was the pickup in industrial and commercial building…
Pomerleau Inc. has signed an Asset Purchase Agreement to acquire most of the assets and projects of Giffels Westpro in Vancouver, Calgary, Toronto, Ottawa and Montreal. Giffels Westpro is owned by Ingenium. Once this transaction is completed, Pomerleau will increase…
Despite contracting by 1.7 per cent in 2015, the construction industry in Canada is forecast to improve over the next five years — to reach US$321 billion by 2020 — according to a report by Timetric’s Construction Intelligence Center (CIC).…
McGill Healthcare Infrastructure Group (MHIG), a partnership composed of SNC-Lavalin (TSX: SNC) and Innisfree has filed a $330 million law suit against the McGill University Health Centre (MUHC) and the Government of Quebec over the P3 deal to build and operate the hospital’s Glen…
Fonds de solidarité FTQ to support the St-Georges-based company’s growth
The University of Guelph’s Ontario Veterinary College has received $23 million in funding from the Ontario government to help fund a new cutting-edge clinical learning building. The funds will help build a new learning space with modern and flexible classrooms…
The city of Winnipeg is due to decide this week whether to increase funding for the so-called “Freedom Road” to the First Nations Community of Shoal Lake 40. The Shoal Lake community was isolated long ago by the construction of…
Five infrastructure projects have received joint federal funding under Canada’s Small Communities Fund. The projects involve key community infrastructure in the territory, including a new cultural centre in Cape Dorset, repairs for the Cambridge Bay Arena and the Iqaluit Aquatic…
Construction has begun on Keelesdale Station, the first of 25 stations to be built for the Eglinton Crosstown Light Rail Transit (LRT). The Eglinton Crosstown LRT is the largest public transit project currently under construction in Canada and represents the…
