Raymond James: Infrastructure sector declined 2% in March

Investing.com – Raymond James reports that, according to the company’s monthly industry monitoring report released this month, the infrastructure and construction sector declined by 2% in March 2026, while the Toronto Stock Exchange Composite Index fell by 4% over the same period.

Earlier in March, a joint venture led by Aecon secured the Phase 1 contract for the Arctic Horizon radar project. This project is part of a $35 billion initiative aimed at upgrading military facilities in the Arctic region, including airports, hangars, storage facilities, and accommodation facilities. Raymond James expects that, due to the scale and complexity of the project, defense-qualified contractors, engineering firms, and remote camp operators will continue to experience demand.

In March, following attacks by the United States and Israel on Iran, disruptions in global shipping intensified. This turmoil affected the transportation of oil and natural gas, fertilizers, and global container volumes. Raymond James noted that the impact on global container fluidity could ripple through port volumes worldwide, including in North America.

Major technology companies, including Google, Microsoft, Amazon, and Meta, have committed funds to support additional power generation and grid upgrades necessary for AI-driven data centers. This pledge came after President Trump delivered a State of the Union address calling for ultra-large-scale operators to “bring their own power.” Raymond James stated that this non-binding commitment reflects increasing attention from policymakers and regulators to the relationship between costs and causality, which could influence rate design and interconnection frameworks for utilities and independent power producers.

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