November 14, 2024 at 4:19PM EST --
“A decrease in the remaining useful service life ratio could indicate that new capital investment is required,” Statistics Canada said. Prime Minister Justin Trudeau’s Liberals swept to power in 2015 in part on a promise to spend heavily on infrastructure. His government has invested billions of dollars in public transportation projects and other initiatives, but the data released Thursday suggest neither government spending nor private investment is being deployed at sufficient levels to keep the capital stock from aging.
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