TSX:WSPConstruction
How Investors May Respond To WSP Global (TSX:WSP) U.S. Contract Restrictions
WSP Global has been affected by U.S. government efforts under President Donald Trump to curb Canadian firms from winning federal contracts, even though about 20% of its 2016 consolidated gross revenue came from U.S. public sector work largely executed by U.S.-based employees.
The policy focus on Canadian ownership clashes with WSP Global's service-heavy, locally staffed U.S. operations. This highlights how contract rules can diverge sharply from where engineering work is actually performed...