Toronto-based construction economist Alex Carrick says Canada survived the Great Recession of 2009 and 2010 better than any other G7 country thanks to its public-sector building program.
With record-low oil prices hammering the country’s resource-heavy economy and signs pointing to the onset of a new downturn, Canada’s just-elected Liberal Party government now is aiming to boost infrastructure spending dramatically—doubling, to more than $90 billion U.S. dollars, the federal funding commitment over the next decade.