Canada Infrastructure Report Q4 2014 - New Report Available

From: Fast Market Research, Inc.
Published: Mon Sep 08 2014

The Canadian construction sector continues to suffer from limited growth, leading to a downward revision of our expected real growth to 1.7% in 2014. This is caused by the continuing weakness of the residential sector , counteracting stable growth in infrastructure. We further expect a positive impact of the CAD53bn New Building Canada Plan for the latter by as early as 2015 , and remain hopeful for the residential sector to exceed our expectations based on favourable mortgage value, home prices and sales data.

* In 2013, construction industry value growth came largely in line with expectations (1.4% versus BMI estimate of 1.6%) with us expecting stable growth levels of 1.7% for 2014.
* The residential sector remains weak in growth on average, also in the first months of 2014. We have therefore revised our real growth expectations down to only 0.9% in 2014.
* Infrastructure remains the primary driving force of growth. We, however, raise some concerns over the sustainability of the project backlog as most contemporary projects are in their final stages. We therefore expect a slowing in real growth rates in the sector over the medium term, yet stable at about 3.9%.
* The strongest sub-sector growth in this respect is expected to take place in railways where projects worth USD36bn will drive average industry value real growth to 4.6% between 2014 and 2018.
* We see strong upside for the overall energy & utilities sector from oil & gas pipelines. We have registered over USD40bn worth of pipelines in the planning phase, which would provide a significant boost to industry value creation if they all progress. We therefore expect 5.7% of real average growth in the oil & gas pipelines sub-sector between 2014 and 2018.
* We also see strong growth in the electricity sub-sector with USD36bn worth of projects under way or in the planning stages. We hence expect a 6.0% average real growth per year between 2014 and 2018 for the power plants &...

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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.

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