We are very dependent on major projects. If, despite the increase in construction costs, we decide to carry out the major projects under way, such as the REM in Montreal, the Gordie Howe Bridge in Ontario and mining projects, we can work on them and the client will absorb the costs associated with the rate increase. However, if those projects are slowed by the increase, we will find ourselves in a market with many manufacturers competing for fewer projects, which will quickly result in significant financial problems for us.
On October 16th, 2018. See this statement in context.