Just Published: "Canada Infrastructure Report Q1 2015"

The Canadian construction sector is expected to recover from the weak year 2014, with real growth expected to lie at 2.77%. Due to the wider macroeconomic recovery and the New Building Canada Plan, 2015 as a whole is expected to see a return to growth across all sectors of the construction and infrastructure industry, including the residential and non-residential market which already showed signs of life in the past months.

* For 2014, our construction industry value growth was revised down severely to 0.48%. We are expecting a strong recovery of 2.77% for 2015.
* The residential sector remained weak in growth over the course of 2014, however we expect improved economic conditions to help the sector return to growth of an estimated 2.56% in 2015. Infrastructure remains the primary driving force of growth. We do 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% between 2015 and 2020.
* 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 4% of real average growth in the oil & gas pipelines sub-sector between 2015 and 2020.
* We also see strong growth in the electricity sub-sector with USD36bn worth of projects under way or in the planning stages. We expect a 5.2% average real growth per year between 2015 and 2020 for the power plants & transmission grids sub-sector.

Full Report Details at
- http://www.fastmr.com/prod/904214_canada_infrastructure_report_q1_2015.aspx?afid=301

Although the residential sector again showed a high degree of volatility in 2014, we expect that the sector will be...

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