Canada has recently become a global provider of natural resources and energy. A recent study released by PricewaterhouseCoopers has forecast that Canada's construction market will become the world's fifth largest by 2020, primarily on the strength of global demands for energy and natural resources. Only the United States, China, India, and Japan will rank higher. Some feel that Canada may even surpass Japan.
Canadians rely on foreign investments to fund these projects and bring the capital necessary for construction of these facilities. To secure these dollars, Canada really needs to provide investors with regulatory certainty. We expect that the proposed reforms will ensure that Canada is well placed to take advantage of this, with more than $500 billion in major economic projects in Canada in the next 10 years.