The Canadian Construction Association (CCA) is pleased the Government of Canada has announced an extension of the infrastructure stimulus programs by a full construction season to October 31, 2011.
“We applaud the federal government for implementing the stimulus program at a time of economic uncertainty. The stimulus was needed and went a long way to keeping Canada afloat during the recession. Governments at all levels have done an excellent job in rolling out these projects,” said Michael Atkinson, president of the CCA.
“The federal government has recognized the importance of infrastructure and maintained its investment in development and renewal. They have clearly listened to stakeholders and provincial and municipal governments. We appreciate their efforts to be reasonable, fair and flexible in dealing with the extension of projects.”
The CCA believes funding for infrastructure offered the greatest return for the government dollar in terms of both job creation and net economic benefit. Continued investment in public infrastructure will ensure Canada remains competitive, increases its productivity, and provides the standard of living Canadians have become accustomed to.
Canada’s construction industry employs close to 1.2 million men and women, and accounts for approximately seven per cent of Canada’s annual GDP. It buys goods and services in every region of the country and in every sector of the economy. Significant increase in construction activity produces thousands of spin-off jobs in other sectors – steel, engineering, forestry, autos, banking, and retail – which is why it remains the barometer of economic health. The Canadian Construction Association represents over 16,000 members in an integrated structure of some 70 local and provincial non-residential construction associations.