The technology sector remains hobbled by a slew of speed bumps ranging from slowing growth to stretched valuations, and from trade-war uncertainly to market saturation. By contrast, the relatively unglamorous and far less headline-hogging infrastructure sector appears ready for a rebound on the back of positive data, including the World Bank forecast that global infrastructure needs US$94 trillion worth of investment by 2040 to keep pace with economic and demographic changes.
Governments both in Canada and the United States recognize that the creaky infrastructure on both sides of the border is in dire need of overhauling. The large-scale upgrades will require massive spending. In fact, the Trump administration plans to invest a whopping US$1.5 trillion on infrastructure initiatives.
North of the border, the Canadian Government has floated its own $180-billion infrastructure spending program. Leading engineering and construction companies in both countries are well positioned to benefit from their respective governments' commitment to fixing roads, railway and highway systems, ports, bridges and other infrastructure assets.
