Wall Street closes at a record for the first time since end of January
Investing.com -- Raymond James reported that the infrastructure and construction sector declined 2% in March 2026, while the TSX composite fell 4% during the same period, according to the firm’s monthly industry monitor released this month.
An Aecon-led joint venture secured the Stage 1 contract for the Arctic Over-the-Horizon Radar Program earlier in March. The project forms part of a $35 billion plan to upgrade military installations in the Arctic, including airfields, hangars, storage facilities and accommodations. Raymond James expects sustained demand for defence-qualified contractors, engineering firms and remote camp operators due to the program’s scale and complexity.
Global shipping disruptions intensified in March following the US and Israel attack on Iran. The turmoil affected oil and gas shipments, fertilizers and global container volumes. Raymond James noted that the impact on global container fluidity could affect port volumes worldwide, including in North America.
Major technology companies including Google, Microsoft, Amazon and Meta committed to funding additional power generation and grid upgrades needed for AI-driven data centers. The pledge followed President Trump’s State of the Union address calling for hyperscalers to "bring their own power." Raymond James said the non-binding commitment reflects growing policy and regulatory focus on cost causality, with potential implications for rate design and interconnection frameworks across the utilities and independent power producer sector.
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