Canada’s Pension Funds Eye Greenfield Federal Infrastructure Investments
Canada’s biggest pension funds are prepared to finance the construction of major new federal government infrastructure projects, according to senior fund sources, marking a shift from their traditional strategy of avoiding development risk. Read more
Fort McMurray Fire Costliest Disaster on Record, Insurance Bureau of Canada
The wildfire that rendered the heart of oilsands country a charred and ashy mess is estimated to be the costliest disaster in Canada, worrying evidence that extreme weather events have increased in frequency and severity, the Insurance Bureau of Canada said Thursday. Read more
The Dotted Line: How construction firms can manage the ‘necessary evil’ of change orders
Construction projects, like anything else in life, are subject to change. Design blunders, unanticipated revisions to building codes, an owner-driven switch in material selection — all of these events can lead to changes that add a few dollars or create a significant addition to a project’s scope and cost. Read more.