Trudeau’s election signals opportunity for infrastructure contractors
Alongside the unexpected win, Canada’s New Democratic Party (NDP) lost over half its seats in the parliament. Former Prime Minister Stephen Harper, whose party has been relegated to official opposition, resigned as Conservative party leader after the election results were announced.
Among general expectations of policy changes, Trudeau has promised increased taxes on high wage earners, more spending on health care, marijuana legalization, a realignment of Canada’s defense resources, and withdrawal from the bombing campaign against the Islamic State.
Perhaps of most significance to the construction industry is Trudeau’s intention to prioritize infrastructure investment, as the new leader plans to “strengthen the backbone” of Canada’s economy by amplifying the construction of roads, bridges, public transit and ports.
Anticipating key change, Associated Equipment Distributors of Illinois has scheduled its 2015 Ottawa Briefing for Thursday to provide distributors with a first look at what the election result means for industry providers and their customers. Panel discussions will examine how tax, regulatory, workforce development, infrastructure, energy, and mining policy may change under the Liberal government.