This presentation will look at both public and private sector investment in infrastructure. The presentation will also look at key areas of business investment to see where business are investing capital into their business.

1. CONSTRUCTION
SECTOR –
CANADA –
MARCH 2017
By: Paul Young CPA, CGA
Date: March 19, 2017

2. AGENDA
▪ Business Investment / Durable Goods
▪ Housing Starts
▪ Construction by building type (% change by year)
▪ Canada building permits – January 2017
▪ Canada government/Capital Spending
▪ Canada Infrastructure spending

3. CANADA MANUFACTURING SALES / %
CHANGE MONTH OVER MONTH
▪ Stats Canada – March 2017

4. HOUSING STARTS
▪ Scotiabank, BMO, Stats Canada

5. CHANGE % BUILDING CONSTRUCTION
FOR CANADA BY BUILDING TYPE
▪ Stats Canada

6. BUILDING PERMITS / CANADA –
JANUARY 2017
▪ Stats Canada

7. BUILDING PERMITS / CANADA –
JANUARY 2017
▪ Stats Canada

8. FISCAL MONITOR / DECEMBER 2016
▪ Government of Canada
Two funds:
• Gas Tax
• Build Canada
• *** under Canada’s cities and communities

9. CANADA INFRASTRUCTURE SPENDING
Infrastructure spending not growing Canada's economy?
• The study finds that of the nearly $100 billion in new infrastructure spending announced within the last year
by the federal government, only 10.6 per cent will be spent on projects relating to transportation and trade,
which have the potential to strengthen the economy by more efficiently moving people and goods across the
country and to international markets.
• Most of the new spending is instead going to so-called “green” and “social” infrastructure including pet
projects such as new parks, community centres and hockey arenas. Although communities may value and
appreciate these initiatives, there is no evidence such spending will improve economic growth.
ReNew Canada – March 6, 2017

10. CANADA INFRASTRUCTURE SPENDING
Fraser Institute – March 6, 2017
Only 11 cents of every dollar in new federal government infrastructure spending will be
spent on highways, bridges, railways and ports projects that can actually help improve
Canada's economy, finds Myths of Infrastructure Spending in Canada.

11. CANADA INFRASTRUCTURE SPENDING
▪ http://www.huffingtonpost.ca/2017/02/28/senate-committee-slams-liberals-for-spending-
186-billion-without-a-solid-plan_n_15060366.html
The committee's report released Tuesday morning warned the Liberals to invest the right amount in
infrastructure and invest in the right places — particularly in trade infrastructure.
The report recommended the government create a single window for funding, instead of spreading
it across multiple departments and agencies, and take into account the needs of municipalities
when deciding how money will be spent.
"We have to become more focused and get back on track, but it has to be something that people can
understand and execute," said committee chairman Larry Smith. "It's very tough when you have
this number of programs.
Huffington Post – February 28, 2017

12. HARPER VS TRUDEAU

13. OTHER SOURCES
▪ Fraser Institute - https://www.fraserinstitute.org/studies/myths-of-
infrastructure-spending-in-canada