RISING TIDES
Observations from the IMC Research Process

Infrastructure, eh? Canada’s quietly building everything.

Canada’s infrastructure pipeline includes massive spending in new housing, healthcare, and nation-building projects — and the stocks are starting to move.

• Canada is committing over $129 billion in infrastructure spending over four years, with dedicated funds for housing, transit, energy, defense, and Indigenous partnerships. Add in a ‘buy-Canada’ bias for materials like steel and timber, and you’ve got a sustained, multi-sector buildout underway.
• Federal support spans mass timber housing, critical hospitals, EV supply chains, and interprovincial megaprojects. Projects like the $80–120B Alto transit line and a $700M Peel Memorial expansion show how deep the pipeline runs.
• Canadian stocks exhibiting signs of momentum include beneficiaries like AtkinsRéalis (national transit projects), WSP, Stantec (engineering megaprojects and grid design) and Finning International (construction equipment).