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Mobilizing Canada’s US$4.7T infrastructure opportunity

Global Infrastructure Outlook 2025–50—Canadian insights

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.  

Where should you focus your infrastructure strategy?

Explore our outlook

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

Johanne Mullen

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

Tel: +1 514 501 0304

Nochane Rousseau

Nochane Rousseau

National Managing Partner, Clients & Markets, PwC Canada

Tel: +1 514 205 5199

Neil Manji

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

Michael English

Partner, Transportation and Logistics Leader, PwC Canada

James McLean

James McLean

Partner, National Utilities Leader, PwC Canada

Tel: +1 403 614 1470

Kirsten Baker

Kirsten Baker

Energy Leader, PwC Canada

Tel: +1 403 714 2681

Monica Banting

Monica Banting

National Mining Leader, PwC Canada

Tel: +1 416 941 8233

Angela Ma

Angela Ma

National Health Leader, PwC Canada

Tel: +1 416 687 8514

Sachin Jayapalan

Sachin Jayapalan

Partner, Value Creation, PwC Canada

Tel: +1 416 814 5797

Kevin Chan

Kevin Chan

Tax Market Innovation Leader, PwC Canada

Tel: +1 416 941 8321

Jean McClellan

Jean McClellan

National Reinvention Markets Leader, PwC Canada

Tel: (403) 629 8330

Mikaela McQuade

Mikaela McQuade

Economics and Policy Practice Leader, PwC Canada

Bali Minhas

Bali Minhas

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

Tel: +1 416-670-6244

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