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ARTICLE · 10 NOVEMBER 2016

2016 Federal Fiscal Update: Banking On Infrastructure

Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

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On November 1, 2016, federal Finance Minister Bill Morneau released his Fall Economic Statement outlining changes to the federal government's fiscal priorities in advance of the 2017 budget process.

CanadaGovernment, Public Sector
Catherine Doyle
Catherine Doyle
Marianne Smith
Marianne Smith
Mark Johnson
Mark Johnson
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On November 1, 2016, federal Finance Minister Bill Morneau released his Fall Economic Statement outlining changes to the federal government's fiscal priorities in advance of the 2017 budget process. While reaffirming Canada's commitment to infrastructure investment, the Fall Economic Statement recalibrates the government's infrastructure priorities in the current economic environment.

Notable for potential funding recipients, infrastructure developers and investors, Mr. Morneau proposes:

  • An additional investment of C$81-billion to be spread over 11 years, starting in 2017–18, for public transit (C$25.3-billion), green infrastructure (C$21.9-billion), social infrastructure (C$21.9-billion), transportation that supports international trade (C$10.1-billion) and projects that support Canada's rural and northern communities (C$2-billion). Details regarding program architecture and specific allocations to follow in the 2017 budget.

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