Canadian engineering and construction stocks, including Stantec, are drawing attention after the Pacific Link pipeline was approved. The approval turns a long-debated concept into a defined set of construction and engineering tasks that align with Stantec’s core business. The company is often a leading choice for designing and planning heavy civil and export infrastructure projects.
The project adds to strong global demand for Stantec’s services. The company has a $7.9 billion backlog, supported by infrastructure upgrades, water and wastewater treatment, and energy transition projects. Pacific Link’s approval is expected to further bolster that backlog and reshape market expectations for Stantec and its peers.