Archive For The “EconomyPolitics” Category

Vancouver Mayor Gregor Robertson is defending the city’s proposed rental pilot project

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Vancouver Mayor Gregor Robertson is defending the city’s proposed rental pilot project

On the heels of Sunday’s announcement the city is proposing a pilot project to create more affordable rental units, the Mayor is defending it.Speaking to Global News, Gregor Robertson says they previously focused on supply. Story continues below Related New record: $2,090 a month is average cost of one-bedroom rental in Vancouver Proposed changes to…

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Hydro One signs deal to buy U.S. utility company Avista for $6.7B in cash

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Hydro One signs deal to buy U.S. utility company Avista for $6.7B in cash

TORONTO – Hydro One Ltd. has signed a friendly deal to acquire U.S. energy company Avista Corp. for C$6.7 billion in an all-cash deal that would create one of the largest regulated utilities in North America.The Toronto-based company said Wednesday after the close of markets that it will pay C$67 per share in cash for…

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Canada’s premiers, Indigenous leaders gather in Edmonton for summer meeting

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Canada’s premiers, Indigenous leaders gather in Edmonton for summer meeting

Alberta Premier Rachel Notley will meet Monday with her fellow provincial leaders and Indigenous leaders in Edmonton, where the three-day Summer Meeting of Canada’s Premiers is being held.“This is an opportunity for Canada’s premiers to advance the initiatives that matter most to our provinces, our people and the Canadian federation as a whole,” Notley said…

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White House declares ‘Made in America’ week to promote local products

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White House declares ‘Made in America’ week to promote local products

As part of the Trump administration’s “America First” philosophy, the White House is dubbing the upcoming week, “Made in America” week.ABC News reports that the theme week is part of the White House’s efforts to address issues that matter to Donald Trump’s base. Throughout his campaign, the president promised to bring back manufacturing jobs sent…

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Federal government investing $896M in Saskatchewan infrastructure

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Federal government investing $896M in Saskatchewan infrastructure

The federal government is making a major investment in Saskatchewan infrastructure.Nearly $900 million is being invested in the province over the next 11 years.READ MORE: Ottawa places conditions on $33B in infrastructure cash for provincesJust over $416 million is earmarked for green infrastructure for greenhouse gas mitigation, including electricity transmission, along with resilience and disaster mitigation….

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Calgary city council asked not to jack up park and ride rates

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Calgary city council asked not to jack up park and ride rates

Calgary city council is being asked not to charge extra fees to out-of-town visitors who are using LRT Park and Ride lots.Customers pay $85/month to reserve a spot up before 10am from Monday to Friday.On Wednesday, the city’s transportation and transit committee was told 11.2 per cent of those who reserve the spots are from…

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Economic development investment fund would let Calgary pick winners and losers: taxpayer group

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Economic development investment fund would let Calgary pick winners and losers: taxpayer group

A public-purse watchdog group is critical of a proposal to create a $10-million economic development investment fund.A report going to city council says the fund is to create jobs and revitalize Calgary’s downtown core.Since August 2015, Statistics Canada says nearly 53,000 jobs have been lost in the Calgary region. Economic development investment funds has been…

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Alberta wraps up spring sitting of legislature and passes new labour rules

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Alberta wraps up spring sitting of legislature and passes new labour rules

Alberta politicians worked late into the night to finish the spring sitting of the legislature by passing a bill to update labour laws.READ MORE: NDP announces labour law changes to bring ‘Alberta’s workplaces into the 21st century’  Story continues below The legislature wrapped up after 2 a.m. Tuesday with new rules guaranteeing job protection for workers taking unpaid leave due…

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Alberta credit rating downgrade to have no impact on Calgary borrowing

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Alberta credit rating downgrade to have no impact on Calgary borrowing

The City of Calgary says its operations will not be affected by news that Alberta’s credit rating has been downgraded.On Friday, Standard and Poor’s Global Ratings downgraded the province’s credit rating by two notches from AA status to A-. The agency attributed the move to the province’s projected deficits being among the highest of non-U.S….

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S&P Global Ratings downgrades Alberta’s credit rating

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S&P Global Ratings downgrades Alberta’s credit rating

Standard and Poor’s (S&P) Global Ratings has downgraded Alberta’s credit rating from “AA” status to an “A+.”In a news release issued Friday afternoon, S&P said “continuing budgetary performance deterioration and growing debt” were behind the move. Story continues below Related Alberta budget 2017: Winners and losers Alberta Budget 2017: Where does the province stand? Highlights…

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