02:49:26 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Aecon Group Inc
Symbol ARE
Shares Issued 63,287,176
Close 2025-11-07 C$ 29.12
Market Cap C$ 1,842,922,565
Recent Sedar+ Documents

Globe says infra budget good for Toromont, Aecon

2025-11-07 07:18 ET - In the News

See In the News (C-TIH) Toromont Industries Ltd

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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