Strong Potential for Growth in Investment Despite Current Uncertainty
APEC report examines major projects investment in Atlantic Canada
Capital spending on major projects is expected to fall 8% in 2018 to $11.4 billion, but significant growth potential remains if projects currently in development move ahead, according to this year’s Major Projects Inventory (MPI) by the Atlantic Provinces Economic Council (APEC).
The Inventory identifies 438 major investment projects in various stages of development throughout Atlantic Canada, with a total value of $136 billion, up 3% from last year’s Inventory. The shipbuilding projects, the high level of exploration in the Newfoundland offshore, and a rebound in the mining sector could support increases in investment and output.
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Non-members: Purchase a copy of the Atlantic Report here.