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The Canadian construction industry, with its constant demand for infrastructure and development, presents hidden gems for long-term investors. One such gem might be Stantec (TSX:STN), a $13.1 billion growth stock that has already delivered impressive returns and has the potential to continue minting millionaires as it executes its 2024 to 2026 strategic plan.
Stantec is a construction engineering design and project management company based in Alberta, Canada. The company generates most of its revenue from North America. Since going public 30 years ago in 1994, it has strategically expanded its footprint beyond North American borders through accretive acquisitions. The results have been phenomenal — sparking a parabolic rally in Stantec stock since the pandemic.
The construction stock delivered steady capital gains to its early investors, and given a few more years, with management following through on…
