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Budget 2010

Budget includes $7.7 billion in infrastructure stimulus funding

The 2010 federal budget charts a path for job growth by staying the course mapped out by the Conservatives’ stimulus plan while limiting government spending, Canada’s finance minister says.

Western Canada critical of Eastern focus in budget

The 2010 federal budget focuses on stimulus spending in eastern Canada, which doesn’t sit will with some in Western Canada’s construction industry. “From a Western Canadian perspective, it seems the budget is heavily concentrated in central and eastern Canada,” said Bill Stewart, vice president of the Merit Contractor Association in Alberta.

No extension of stimulus project deadline concerns Canadian Construction Association

With no new infrastructure funding for Canada’s construction industry to sink its shovels into in Budget 2010, a concern still remains for stimulus projects currently underway, says the Canadian Construction Association.

Canadian Construction Association taking wait and see approach to Red Tape Commission

Ottawa is looking to slash through bureaucracy by establishing a Red Tape Commission. The government wants the commission to review federal regulations to help reduce compliance burdens and unnecessary regulations.

Stimulus spending tap shuts off March 2011

The federal government is standing firm on seeing through the second year of Canada’s Economic Action Plan, which includes $19 billion this year to be complemented by $6 billion from provinces, municipalities and other partners.

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TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 372 projects with a total value of $3,335,585,749 that Reed Construction Data Building Reports reported on yesterday.

HOSPITAL

$1,200,000,000 Calgary AB Negotiated

ACUTE CARE HOSPITAL

$520,000,000 Grande Prairie AB Prebid

GASIFICATION FACILITY

$75,000,000 Edmonton AB Negotiated

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ALEX’S ECONOMICS BLOG

Reed Construction Data Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.

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