Business Monitor International

Canada Infrastructure Report

Published 25 March 2014

  • 112 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
Canada Infrastructure Report

BMI View: We highlight further downside risk to the Canadian construction sector in the near term, and thus place risks to the downside to our view for 2% real growth in 2014. Whilst weakness in the residential sector has been priced in, we could see scope for a more abrupt slowdown in infrastructure industry value growth as we reach the latter end of the cycle for major projects, and do not expect the positive impact of the CAD53bn New Building Canada Plan until 2015 at the earliest.

2013 construction industry value growth came in largely in line with expectations (1.4% versus BMI estimate of 1.6%), and we are currently maintaining our expectation for 2% real growth in 2014, although we highlight risks are to the downside. We do not see any reversal in the weakness reported in the residential and non-residential building segment, although we do see scope for a temporary pick-up in housing at the start of 2014, based on a pick-up in residential building permits in Q413. However, we believe the increased cost of capital and the continued deceleration in growth in the industry overall, will mean a revival in growth rates to previous highs are not likely for the segment.

Infrastructure is expected to remain the strongest force behind growth, with a large number of projects under construction. However, a number of these are in the final stages, raising some concerns over the sustainability of the project backlog and therefore posing the biggest downside risk to our overall construction sector outlook. Indeed, sector growth slowed abruptly in Q4 2013 and continues to show weakness in early 2014. The New Building Canada Plan does present substantial upside to this slowing growth trend over the medium term for the sub-sector, as well as continued demand for new infrastructure from the natural resource segment. Unlocking this potential through improved regulations, timely distribution of funding and well-planned projects will be key to factoring growth potential...

Table of Contents

BMI Industry View
Infrastructure SWOT
Industry Forecast
Construction And Infrastructure Forecast Scenario
Table: Construction And Infrastructure Industry Data (Canada 2012-2017)
Table: Construction And Infrastructure Industry Data (Canada 2018-2023)
Table: New Building Canada Plan
Transport Infrastructure - Outlook And Overview
Table: Transport Infrastructure Industry Data (Canada 2012-2017)
Table: Transport Infrastructure Industry Data (Canada 2018-2023)
Major Projects Table - Transport
Table: Major Projects - Transport
Energy And Utilities Infrastructure - Outlook And Overview
Table: Energy And Utilities Infrastructure Data (Canada 2012-2017)
Table: Energy And Utilities Infrastructure Data (Canada 2018-2023)
Major Projects Table - Energy & Utilities
Table: Major Projects - Energy & Utilities
Residential & Non-Residential Building - Outlook And Overview
Table: Residential and Non-Residential Building Industry Data (Canada 2012-2017)
Table: Residential and Non-Residential Building Industry Data (Canada 2018-2023)
Table: Major Projects - Social Infrastructure & Construction
Industry Risk Reward Ratings
Canada - Infrastructure Risk/Reward Ratings
Western Europe and North America - Infrastructure Risk/Reward Ratings
Table: Infrastructure Risk/Reward Ratings
Market Overview
Competitive Landscape
Table: Key Company Data
Table: Notable Sector Players - Canadian Pension Funds Infrastructure Portfolio, CADmn
Company Profile
Table: SNC-Lavalin Financial Data
Global Infrastructure Overview
Middle East/North Africa Presents Strongest Investment Profile
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Rating Methodology
Sector-Specific Methodology
Table: Infrastructure Risk/Reward Rating Indicators
Table: Weighting Of Indicators

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.
  • Target business opportunities and risks in the Canadian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Canada.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Rankings

BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc