Ontario Leads Canada's $603 Billion Industrial Project Push

SUGAR LAND--June 25, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial project activity is improving in Canada. The value of construction starts has increased by 46% year over year, according to the May 2021 update of Industrial Info's North American Industrial Project Spending Index. One of the larger contributors to this increase is Ontario, which is a taking greater share of the project activity from Alberta and British Columbia, which in turn have been hit hard by the downturn in the Oil & Gas market. In a sense, Ontario has a more diversified industry than western Canada's provinces, which rely heavily on fossil fuel extraction.

Within this article: Projects under development in Ontario

Companies featured: IAMGOLD Corporation (NYSE:IAG)