The Globe and Mail reports in its Friday, Nov. 7, edition that Prime Minister Mark Carney's 2025-26 budget aims to spend $115-billion on infrastructure projects to boost growth, pending parliamentary approval. The Globe's guest columnist Scott Clayton writes in the Number Cruncher column that key highlights include a $50-billion Build Communities Strong Fund for local housing, transportation and health projects, and a $1-billion fund from Transport Canada for major Northern transportation projects over four years. Additionally, the proposed Trade Diversification Corridors Fund would allocate $5-billion over seven years for port, railway and airport infrastructure, with the goal of supporting Canadian businesses, stimulus spending would greatly benefit the country's engineering, construction and heavy equipment firms. Mr. Clayton recommends buying Toromont Industries, which is headquartered just north of Toronto. Toromont Industries is a Canadian dealer of Caterpillar heavy construction equipment. Mr. Clayton is also keen on Toronto's Aecon Group. It is one of the country's largest construction companies, with the Vancouver Skytrain and Terminal Three at Lester B. Pearson International Airport among its successes.
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