The Globe and Mail reports in its Friday 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 Bird Construction. It acquired rival Stuart Olson in 2020 to create a Canadian construction leader with top infrastructure experience. The Globe reported on Sept. 25 that National Bank Financial rated Bird Construction "outperform." It was then worth $28.85. The Globe reported on Oct. 7 that Stifel analyst Ian Gillies continued to rate Bird Construction "buy." It was then worth $31.22.
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