The Canadian federal government has announced an ambitious $115 billion infrastructure investment plan spanning five years. This initiative, which focuses on transportation, energy development, and housing, marks the country's most substantial infrastructure budget since 2010. Officials say the plan is aimed at diversifying trade partnerships and reducing economic dependence on the United States.
Analysts have noted that this investment could usher in a new period of economic growth for the nation. Historically, infrastructure spending has been a major catalyst for key domestic industries. During the last infrastructure boom from 2011 to 2014, companies in the energy and construction sectors saw significant growth. For example, Enbridge's share price rose by over 110% during that period, while TC Energy gained 53%. With this new round of funding, experts predict that these sectors could see similar or even greater benefits.
The energy sector appears to be a significant beneficiary of the federal infrastructure plan, particularly for companies like TC Energy and Enbridge. These two industry leaders are transitioning their focus toward liquefied natural gas (LNG) exports, a pivot driven by global demand. Factors such as Europe and Asia's coal-to-gas switching, increasing energy needs of artificial intelligence data centers, and the rise in LNG demand are creating strong growth opportunities.
In June 2025, LNG Canada - a pivotal LNG export facility - commenced operations. Its expansion has received government funding support through the 2025 federal budget. At the same time, TC Energy has streamlined its business by divesting its oil pipeline operations to focus solely on natural gas networks. Similarly, Enbridge has bolstered its position by acquiring three U.S. gas utilities, making it North America’s largest natural gas utility operator.
Both companies are actively developing pipelines and storage facilities that connect Canada's east and west coasts to global markets. This development positions them to export LNG to Europe and Asia via marine routes. Since October 2023, when the LNG export boom began, TC Energy’s and Enbridge’s shares have surged 81% and 62%, respectively. Analysts forecast further gains as more LNG export terminals come online and additional infrastructure projects are completed.
Construction firms are also poised to benefit significantly from the infrastructure plan. Companies like Bird Construction and Aecon Group have already reported a surge in new project orders as of late 2025. Both firms are heavily involved in the Darlington New Nuclear Project in Ontario, which has received federal budget backing.
Bird Construction anticipates continued growth across sectors such as mining, transportation, utilities, ports, and marine infrastructure. Aecon Group, meanwhile, remains a leader in broader infrastructure development projects. Over the past year, Bird's and Aecon's stock prices have risen by 50% and 63%, respectively. While some challenges in project execution are expected and may introduce short-term volatility for these companies, analysts suggest that long-term investors could take advantage of periodic dips in share prices to build their holdings ahead of expected value realization as major projects near completion.
The $115 billion infrastructure plan is expected to reshape Canada’s economy and trade landscape over the next five years. By investing in transportation, energy, and housing, the federal government aims to drive long-term domestic growth while reducing reliance on traditional trade partners. With companies in energy and construction already seeing early results, this initiative may mark the start of a transformative new chapter for Canada’s key industries.
