Planned developments in housing, infrastructure, defence, energy, resources and AI data centres could generate $670.6 billion in additional investment by 2030, according to a study by the Business Development Bank of Canada and The Transition Accelerator think tank. Meeting the projected demand—much of it in construction—would require far more workers than the growth expected in Canada’s workforce over that period, the study found. (The Logic)

Talking point: The Crown corporation estimates the projects could generate $443 billion in additional economic activity over five years and lift real GDP 4.1 per cent above its baseline forecast. To realize those gains, businesses will have to expand capacity through automation, digital technology and supply chain improvements, as the country’s aging population slows workforce growth. Of the 750 surveyed small and medium-sized businesses already involved in major projects, 67 per cent said they expect to increase their participation over the next two years. Financing constraints and complex procurement processes remain obstacles for many of them. BDC said smaller contracts, more predictable payment terms and better information about opportunities could help more firms participate.

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