We`ve already read about Amargeet Sohi stating that there is 7-9 billion dollars left over from the previous budget.
We have read about the fact he`d like to move on this quickly as not to miss out on this years construction season.
Sohi stated that since this money was already approved ...it can be spent.
There is nothing preventing Sohi from announcing money for the ROF from this previous budget.
We know the wynne gov`t applied for this Build Canada fund in 2014 and made the ROF a priority project in 2015.
Many are expecting an announcement of 1 billion for the ROF in the Fed budget. Anything in the budget would then have to get approved. The liberals have a majority so ...getting approval especially since opposition have been pushing for this ...is a non issue. But it is dead time while this is being done.
I am preparing myself to expect the unexpected. What I see as a possiblilty is lots of stuff for the FN`s in the budget but no direct ONE BILLION for the ROF announced on March 22.
Amargeet has leftover from the last budget 7-9 billion of money to announce for projects...and no budget approval wait time ...needed.
But, in this scenario...do you make an announcement before or after the budget
Perhaps the FN want confirmation during the budget that they are getting all that was agreed to.....before Fed`s provide Rof money and become part of the dev. corp.
It is possible.
I am putting this out there because I see this as a possibility and would hate for some long term holders to get discouraged and sell at the worst possible time in frustration if there was not a direct announcement during the budget.