2025 federal budget prioritizes major infrastructure with $115 billion investment
AI Article Summary
The 2025 federal budget, introduced by Prime Minister Mark Carney, allocates $115 billion to infrastructure projects in an effort to build resiliency across Canada. The budget highlights significant investment in local infrastructure such as roads, transit, and public buildings, with a focus on economic projections and trade scenarios. The Canadian Construction Association acknowledges the budget's benefits but emphasizes the need for equitable training access for all workers. The budget also includes funds for foreign credential recognition to aid the construction sector's workforce.
What This Means for Canadian Contractors
For Canadian builders, this means increased opportunities in infrastructure projects, which may lead to more permits and funding availability. However, they should also prepare for potential challenges related to labor shortages, as non-unionized workers constitute a large part of the workforce. The focus on foreign credential recognition may facilitate an influx of skilled labor, potentially impacting project timelines and costs positively.
