John Beck, chief executive of Aecon Group Inc., one of Canada’s biggest construction companies, was asked last month whether he would be chasing new work in the United States.
His answer: If only.
“We don’t have enough capacity to do what is coming at us in Canada,” Beck said at an infrastructure conference in Montreal.
Aecon isn’t the only company that is hitting its limits. Data suggest much of Canada’s economy is maxed out. The latest evidence arrived Friday morning when Statistics Canada reported the unemployment rate was 5.8 per cent in March, matching the lowest in a database that dates to 1976.
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