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Western Canada Set for Less than $7 Billion in Project Kickoffs in Second-Quarter 2016, Many Uncertain

Western Canada Set for Less than $7 Billion in Project Kickoffs in Second-Quarter 2016, Many Uncertain

SUGAR LAND--March 22, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Low commodity prices continue to take a toll on Western Canada, where the Oil & Gas Industry leads in industrial development, but likely will face ongoing project delays as uncertainty permeates the economic environment. Industrial Info's database indicates $6.91 billion worth of projects are set to begin construction in Western Canada in the second quarter of 2016, the lowest quarterly total in more than a year. Almost 80% of the total is attributed to just three industries: Oil & Gas Pipelines, Oil & Gas Production and Metals & Minerals. Within this article: Details on key projects currently set to begin construction in Western Canada in second-quarter 2016, including those from major companies such as Fortis Incorporated (TSX:FTS), Pembina Pipeline Corporation (NYSE:PBA), Fortune Minerals Limited (TSX:FT), TransCanada Corporation (NYSE:TRP) and Chieftain Metals Corporation (TSX:CFB).

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