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Maxim Sytchev, vice president and research analyst at Northland Capital Partners, believes investors have an opportunity to profit from Ontario’s infrastructure deficit.
Most of the province’s roads, bridges and government buildings were built during the 1950s and 1960s – and have outlived their useful life. Sytchev tells BNN Ontario has committed $35 billion towards infrastructure spending over the next three years and identified nine priorities areas.
“We see a quantum leap in terms of spending,” Sytchev says.
Despite a recent slide in share prices, Sytchev says investors looking to profit from Ontario’s infrastructure boom should consider construction play Aecon Group Inc. (ARE-T), heavy engineering company Genivar (GNV-T) and architecture firm IBI Group (IBG-T).