Mobilizing Canada’s US$4.7T infrastructure opportunity

Global Infrastructure Outlook 2025–50—Canadian insights

June 10, 2026 |

Where will Canada’s US$4.7 trillion infrastructure spending flow over the next 25 years? Where are we set to outpace our global peers—and where do we risk falling behind? How can governments, investors, and developers finance infrastructure built for multiple purposes and users? And where are the strongest infrastructure opportunities for Canadian pension funds and institutional investors—at home and abroad?

Canada’s infrastructure buildout is at a critical juncture. Resources, transportation, power, social infrastructure, and digital systems are all expanding at once. But scale alone won’t determine success. Boundaries between asset classes are fading. Capital pools are converging. Indigenous partnerships are becoming foundational. AI is reshaping how projects are designed, delivered, and operated. And the global race for infrastructure capital is intensifying. Yet not all infrastructure opportunities are equal. The decisions made now—about which sectors to prioritize, where to invest, and how to structure partnerships—will ripple across the economy for a generation.

This new report from PwC Canada maps where Canada’s infrastructure investment is headed through 2050. Backed by exclusive Oxford Economics forecasting, it breaks down the spending and growth rates of major sectors, as well as how Canada compares to its global peers. It also examines the financing models, partnerships, and reinvention strategies that will help determine which projects are built, and who captures the value.

Explore our outlook and on-demand webinar

What you'll learn

Exclusive Oxford Economics forecasting on Canadian and global infrastructure spending through 2050

Sector-by-sector outlooks across resources, transportation, power, social, and digital infrastructure

Where Canada ranks among the top global infrastructure markets

Canada’s fastest-growing sectors—and where Canada risks falling behind its global peers

Sector benchmarking against the US, UK, Australia, and other advanced economies

How converged, multi-use infrastructure is reshaping project development, capital allocation, and asset-class boundaries

How Indigenous partnerships can be foundational to project success

Why infrastructure players need to reinvent their business models
Where Canadian investors and developers should focus capital—at home and abroad

Who this report is for

Infrastructure developers

Infrastructure investors

Infrastructure fund managers

Government organizations

Crown corporations

Infrastructure operators

Engineering and construction companies

Canada’s evolving infrastructure investments

(Annual spending in 2023 US dollar prices.)

Read the full Global Infrastructure Outlook 2025–50—Canadian insights report

Contact us

Johanne Mullen

Partner, Deals, National Leader - Real Assets, PwC Canada

Tel: +1 514 501 0304

Nochane Rousseau

National Managing Partner, Clients & Markets, PwC Canada

Tel: +1 514 205 5199

Neil Manji

National Director connect Program Leader, National Energy, Utilities, and Resources & Industrials and Services leader, PwC Canada

Tel: +1 416 687 8130

Michael English

Partner, Transportation and Logistics Leader, PwC Canada

James McLean

Partner, National Utilities Leader, PwC Canada

Tel: +1 403 614 1470

Kirsten Baker

Energy Leader, PwC Canada

Tel: +1 403 714 2681

Monica Banting

National Mining Leader, PwC Canada

Tel: +1 416 941 8233

Angela Ma

National Health Leader, PwC Canada

Tel: +1 416 687 8514

Sachin Jayapalan

Partner, Value Creation, PwC Canada

Tel: +1 416 814 5797

Kevin Chan

Tax Market Innovation Leader, PwC Canada

Tel: +1 416 941 8321

Jean McClellan

National Reinvention Markets Leader, PwC Canada

Tel: (403) 629 8330

Mikaela McQuade

Economics and Policy Practice Leader, PwC Canada

Bali Minhas

Partner, National Technology, Media and Telecommunications & Consumer Markets Leader, PwC Canada

Tel: +1 416 670 6244

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