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Source: Getty Images <\/p>\n Source: Getty Images <\/p>\n
Written by Robin Brown<\/a> at The Motley Fool Canada<\/p>\n Several Canadian stocks are primed to benefit from Canada\u2019s efforts to bolster infrastructure and increase independence from our neighbors to the south. The government has pledged $51 billion to improve and expand infrastructure across communities in Canada. That is on top of the $63 billion that Canada plans to spend on military expenditures in 2026.<\/p>\n All this spending will trickle down to some top stocks. Here are some of my favourite Canadian stocks set to win from Canada\u2019s infrastructure spending boom.<\/p>\n Stantec (TSX:STN<\/a>) is a Canadian leader in engineering, architecture, and environmental services. Mining, energy, and military are all sectors in vogue. Stantec has strong exposure to these segments. It already has won several contracts to help design and upgrade Canadian military facilities across Canada.<\/p>\n Stantec has an $8.6 billion backlog (which rose almost 10% in 2025). It expects mid-single-digit organic growth in 2026. Likewise, it expects adjusted earnings per share to rise by 15% to 18% over the year.<\/p>\n Stantec stock is down 3.6% this year. However, its stock is up 114% in the past five years. Over that time, it has grown earnings per share by a 25% compounded annual growth rate. With a smart acquisition strategy, this has been a good compounder. With favourable tailwinds, the pullback<\/a> could be a nice time to add this stock to your portfolio.<\/p>\n Exchange Income Corporation (TSX:EIF<\/a>) is not a super well known company to most consumers. However, it operates one of the largest airline networks that caters specifically to Canada\u2019s northern regions. Its acquisition of Canadian North really cemented its dominant and essential position.<\/p>\n Canada will be investing substantially in its northern regions over the coming years. With climate change opening new Arctic shipping routes, Canada must build a stronger northern defence network. Workers and new residents will use Exchange\u2019s airlines to get there.<\/p>\n Exchange is also an important provider of surveillance-equipped airplanes around the world. Broader defence spending could bring new projects and contracts in this area.<\/p>\n Exchange also has a large environmental matting business. Major infrastructure investments tend to require a lot of matting and access solutions, so that could a long-term tailwind. <\/p>\n Overall, this company has multiple tailwinds that are driving double digit annual growth. This stock yields 2.65% today, so investors get a nice mix of growth and income<\/a> from this stock.<\/p>\n A final stock set to benefit from a Canadian infrastructure boom is Bird Construction (TSX:BDT<\/a>). This company has traditionally been known as construction contractor. However, it is transforming into a leading Canadian infrastructure firm. The market is starting to take notice. Its stock is up 61% this year.<\/p>\n The company has a record backlog over $5.1 billion today and a $6 billion pending backlog. Bird has pivoted to a focus on higher margin, often recurring revenue projects. Acquisitions have expanded its services platform, so it is able to take more share (and more margins) from a new project.<\/p>\n With expertise across many major infrastructure tailwinds (nuclear, data centres, healthcare, and transport), it should continue to win a strong share of Canadian infrastructure projects.<\/p>\n This can by a cyclical business, but the company is moving to become more resilient and predictable. If the volatility doesn\u2019t worry you, it\u2019s a reasonably priced stock with more upside if management can execute its strategy.<\/p>\n The post 3 Stocks for Canada\u2019s Infrastructure Spending Boom<\/a> appeared first on The Motley Fool Canada<\/a>.<\/p>\n Before you buy stock in Stantec Inc., consider this:<\/p>\n The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026\u2026 and Stantec Inc. wasn\u2019t one of them. The 10 stocks that made the cut could potentially produce monster returns in the coming years.<\/p>\n Consider MercadoLibre, which we first recommended on January 8, 2014 \u2026 if you invested $1,000 in the \u201ceBay of Latin America\u201d at the time of our recommendation, you\u2019d have over $18,000!*<\/p>\n Now, it\u2019s worth noting Stock Advisor Canada\u2019s total average return is 94%* \u2013 a market-crushing outperformance compared to 85%* for the S&P\/TSX Composite Index. Don\u2019t miss out on our top 10 stocks, available when you join our mailing list!<\/p>\n Get the 10 stocks instantly<\/a><\/p>\n * Returns as of April 20th, 2026<\/p>\n More reading<\/p>\n Fool contributor Robin Brown<\/a> has positions in Stantec. The Motley Fool recommends Stantec. The Motley Fool has a disclosure policy<\/a>.<\/p>\n 2026<\/p>\n","protected":false},"excerpt":{"rendered":"Source: Getty Images Written by Robin Brown at The Motley Fool Canada Several Canadian stocks are primed to…\n","protected":false},"author":2,"featured_media":15330,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[17,3161,8087,8088,2292,8086,5782],"class_list":{"0":"post-15329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-canada","9":"tag-canadian-stocks","10":"tag-environmental-services","11":"tag-exchange-income-corporation","12":"tag-fool-canada","13":"tag-northern-exposure","14":"tag-stantec"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/15329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=15329"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/15329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/15330"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=15329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=15329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=15329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}