Article source: ConstructConnect

Much of Canadian construction activity ties to extraction (or harvesting) of the nation’s resources. Canada has such an abundance of resources that, with respect to most commodities, domestic demand can be readily satisfied, leaving a great deal of scope for export sales. The difference between big export dollar volumes and low import dollar volumes makes a significant contribution to gross domestic product (GDP).

In what follows, the capital spending prospects emanating from 17 Canadian material export categories are discussed and assessed. Beyond development at primary sites, there are also related undertakings in air, rail and road transportation to move product to border crossings and ports for out-of-country transportation. Plus, there are new initiatives in such fields as carbon capture and storage and hydrogen production plants.

Oil

In the 00s, Alberta arguably underwent the most spectacular building boom tied to one resource deposit in Canada’s history. Development of the Oil Sands in the northeast of the province drew in immense amounts of capital and attracted workers from across the country, especially the Atlantic Region, and from other countries. With the Oil Sands extending across the provincial border, Saskatchewan participated in the bonanza as well, to a lesser extent. Newfoundland and Labrador has also benefitted from oil development, but from offshore drilling fields.
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