June 10, 2019 by David Kennedy
There’s no two ways about it, 2018 was a good year for Canadian construction.
Despite some steep challenges in the form of tariffs on steel and aluminum, continued weakness in the energy sector and softening investment in institutional building, Canada’s Top Contractors dug in and delivered, with many posting record years and forecasting more of the same for 2019.
Higher revenues for our Top 40 was the story of 2018, with growth returning nearly across the board for Canada’s largest construction companies.
Among the long list of other insights from this year’s report is the appeal of the federal government’s new tax incentive for equipment purchases. While not all contractors own their dozers and excavators, of those that shared their procurement plans, 46 per cent say they intend to take advantage of the incentive to replace or supplement anywhere from three to 50 per cent of their fleets.
I want to thank all the contractors that set aside the time to fill out our annual survey and be a part of this valuable industry research. As always, without your contributions, we would not be able to piece together this important issue that highlights how much Canada’s builders bring to the overall economy and showcases the ways construction continues to innovate and evolve.
Or to access the entire June issue, click here.
Finally, follow this link if you’re interested in seeing how this year’s Top Contractors stack up against the Top 40 in previous years.