Hope and a sign of things to come in N.B.https://canada.constructconnect.com/canadata/forecaster/economic/2021/10/cresting-of-4th-covid-wave-points-to-smoother-sailing-ahead-for-new-brunswick
from the above article:
CAPEX to pick up in 2021 and 2022
After posting solid gains of +19% y/y in 2017 and +13% in 2018, capital spending retreated by -10% in 2019 and by the same percentage again in 2020. However, despite the persisting drag of COVID-19 on economic activity since March of 2020, two recent surveys of capital spending in the province are pointing higher. First, Statistics Canada’s Non-residential Capital and Repair Expenditures survey indicates public and private spending will post a gain of +10% this year. Second, the more recent survey of major projects by the Atlantic Provinces Economic Council indicates that investment in the province will increase by +$2.2 billion, its average level for the past ten years.
Major projects underway or expected to go forward in the near term include the Atlantic Science Enterprise Centre, upgrades to Port Saint John’s container terminal, and upgrades to the Saint John Pulp Mill. Other projects which are approved or near approval include the Mactaquac Generating Station upgrade, the Sisson Mine Project, and the NB Power/Moltex Energy small modular reactor project.