Liberals hang on despite overheated political scandals, but action on climate change, transport and pipeline building will need deals across party lines.
Design-builder SNC-Lavalin, caught up in election fray, sees shares soar 14% on speculation reshaped government will settle long pending bribe charges.
Canadian Prime Minister Justin Trudeau has named former Ontario pension-fund giant CEO Jim Leech as special adviser to Canada’s newly authorized, but still unlaunched, federal infrastructure bank.
Oil pipelines dominated the energy news on Nov. 29, when Canada’s government approved one of two controversial pipelines from Alberta’s oil sands to the west coast, rejected a second and gave a pass to a third, running south to the U.S.
The Liberal Trudeau government’s proposal to harness private investment dollars for public-works projects through a national infrastructure bank is being praised as a good first step, but the devil will be in the details, industry experts caution.
Canada may turn to investors to help finance an ambitious $92-billion-plus infrastructure plan aimed at boosting its lagging energy-sector-based economy.
The election of Justin Trudeau as Canada’s prime minister should crack open new opportunities for Bird Construction, with the contractor working to diversify its portfolio of projects amid lowered demand in the profitable industrial and oil and gas sectors.
