Recent Study: Canada Infrastructure Report Q2 2015

In light of a reduction in the oil sector investment, we have revised downwards our forecasts for short-term growth in Canada's construction sector, with industry growth of just 1.6% expected in 2015. Although this is an improvement on 2014, when the construction sector saw limited growth of 0.5%, the outlook for infrastructure investment remains subdued. It is worth noting, however, that the project pipeline remains considerable, particularly as the New Building Canada Plan begins to gather pace.

Key Forecasts and Developments Include:

* One of the first major plans announced under the New Building Canada Plan in the transport sector is the CAD43.7bn investment in the expansion of the Port of Montreal.
* The rail segment remains strongest within the transport infrastructure sector, with growth of 4.6% forecast for 2015 and compared to overall growth of 1.4% in transport infrastructure industry value.
* The Bank of Canada has announced concerns the country's housing market is overvalued by as much as 30% and the sector remains volatile, with sharp fluctuations in terms of building permits issued and new starts. We expect a slowing in real growth rates in the sector during the forecast period, averaging at just under 2% throughout the ten-year forecast period to 2024.
* The renewables sector continues to attract considerable investment. The Ontario Power Authority (OPA) published a list of 42 firms that qualified to take part in the first 565MW Large Renewable Procurement (LRP) tender round for the development of 300MW of onshore wind, 140MW of solar, 50MW of bioenergy and 75MW of hydropower projects in Ontario.
* Overall Canada's infrastructure is expected to expand by 1.9% in 2015 and by, on average, just under 2% between 2016 and 2024.

Full Report Details at
- http://www.fastmr.com/prod/956842_canada_infrastructure_report_q2_2015.aspx?afid=301

The Canada Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Canada Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Canadian infrastructure and construction industry.

Key Benefits

* Benchmark BMI's independent infrastructure industry forecasts for Canada to test other views - a key input for successful budgetary and planning in the Canadian infrastructure market.

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