On Tuesday March 28, the federal government unveiled is 2023 Budget.
The budget contained the least new funding or initiatives for the skilled trades in recent memory. This is a reflection of a deteriorating fiscal situation, as well as a sense among government officials that a tight labour market will an overheated construction sector should level off when interest rate hikes start to bite in the infrastructure space. There is a strong hesitation against doing anything that would quickly pour fuel on that fire and new funding
could only lead to further tightening and increased labour costs for construction businesses.
Posted in News Release, Updates