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MONTREAL \u2014 The head of WSP Global Inc. says the government shutdown in the United States could hurt the engineering giant\u2019s bottom line if it continues for another month.<\/p>\n
Alexandre L\u2019Heureux says that so far the halting of government services and permitting has had a \u201cminimal impact\u201d on the Montreal-based company, which has a big presence south of the border.<\/p>\n
But he says the entire engineering and construction industry will suffer if legislators fail to reach a deal and resume federal operations soon.<\/p>\n
This week, the ongoing shutdown reached a critical milestone \u2014 the longest in history \u2014 as the impasse between Republicans and Democrats pushed into its 36th day on Wednesday.<\/p>\n
It is unclear how long the shutdown will last as federal offices remain shuttered and workers miss another paycheque heading into the holiday season.<\/p>\n
On Wednesday evening, WSP reported that profits rose 40 per cent to $284.5 million and revenues increased 14 per cent to $4.53 billion year-over-year in the quarter ended Sept. 27 due to a major acquisition as well as organic growth.<\/p>\n
\u00a92025 The Canadian Press<\/strong><\/p>\n<\/p><\/div>\n