CARILLION CANADA SOLDIERS ON DESPITE PARENT’S COLLAPSE

A spokesman for the Canadian subsidiary of insolvent British construction giant and state contractor Carillion says it’s business as usual in Canada despite the parent company’s collapse Monday. Cody Johnstone says that Carillion Canada is not in liquidation and its 6,000 employees in Canada continue to be paid, along with its subcontractors and suppliers. The parent company’s decided to go into compulsory liquidation after talks with creditors failed to get short-term financing. In a research note, Raymond James analyst Frederic Bastien says the focus in Canada now is on P3 ownerships, facilities management and activities such as road maintenance, remote workforce camp operations and power line construction and maintenance.