Companies & Finance

Drop expected in capital spending on Canada’s Atlantic coast

Capital spending on major projects on Canada’s Atlantic coast is expected to fall by 7% this year, to $13 billion.
By Staff reporter 9 June 2017 0 26310

The Atlantic Provinces Economic Council (APEC), based in Halifax, Nova Scotia, has said in a recent major projects inventory that capital spending on major projects on Canada’s Atlantic coast is expected to fall by 7% this year, to $13 billion.

The body said an overall decline in energy-related spending is expected in three of Canada’s four Atlantic coast provinces.

The exception is New Brunswick, "where growing infrastructure, electricity and transportation investment will result in an 18% surge, to $2.3 billion", the Daily Commercial News reported.

However, the long-term...