Construction Outlook Bright on Infrastructure Spend in Canada, US: CIBC

The outlook for the engineering and construction sector is brightening as the federal Canadian infrastructure plan starts to materialize and U.S. president-elect Donald Trump tries to ramp up infrastructure spending and offer tax benefits south of the border, CIBC World Markets says.

While 2017 will be a bid year for Canadian federal infrastructure, 2018 is probably the year to reap the real benefits, said CIBC analyst Jacob Bout in a research note on Tuesday. read more >>