Megaprojects are on the rise in Canada, and at great speed. This includes new projects inspired by previous initiatives like the Trans-Canada Highway.
For decades, Canada was overly dependent on the U.S. for trade, sending more than three-quarters of exports south.
Now, leaders at every level desire faster megaproject development. One notable example: the $3.9 billion speed rail from Ontario to Quebec.
Trump’s tariffs have resonated in Canada’s economy. They’ve driven up construction costs and, in turn, made housing less affordable.
Even former politicians now anointed to the status of public figures understand the urgency of self-reliance.
Megaprojects have major economic implications. Such risk could create jobs and stimulate GDP growth. The effects will vary in different provinces across Canada.
The future of Canada's infrastructure is bright, but fraught with challenges.
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