St. John’s—The federal government has transferred more than $16 million to Newfoundland and Labrador under the Canada Community-Building Fund (CCBF) for the first payment of the 2024-2025 fiscal year. This will help communities across the province invest in their local infrastructure priorities. This is the first of two payments to Newfoundland and Labrador for this fiscal year. The next payment …
Legal certainty will help build critical infrastructure across the province TORONTO — Doug Downey, Ontario’s Attorney General, released the following statement: “In the wake of the Supreme Court of Canada’s October 13 opinion that held that the vast majority of the federal government’s duplicative Impact Assessment Act was unconstitutional, our government is taking immediate legal action to bring certainty so that …
Ontario – The Ontario government is investing approximately $425 million toward highway and bridge improvements in the Ottawa area. Since 2018, 10 infrastructure projects have been completed, with another five underway to improve safety and keep roads and bridges in a state of good repair. Highway #417 Project Date Completed March Road Traffic signals/intersection improvements Jun. 2021 St. Laurent Blvd. …
Toronto – The City of Toronto issued its debenture for $335 million to help finance key capital projects. This is the City’s second public debenture issuance this year. This conventional bond issue has an all-in cost of 4.329 per cent, a coupon interest rate of 4.25 per cent, and a 10-year maturity of July 11, 2033. The proceeds from this …
Province working with select municipalities to ensure municipal finances support increased housing supply TORONTO — Ontario is moving forward with the audit process for the finances of six select municipalities, including the City of Toronto, by initiating the procurement of third parties to conduct the reviews. At a time when Ontario, like the rest of North America, is experiencing challenging headwinds …
Historic number of undergraduate and postgraduate training seats now prioritized for Ontario residents HAMILTON — The Ontario government is further expanding the number of medical school spots to historic highs while helping Ontario students become doctors in the province, whether they studied at home or abroad. Starting in 2023, the government is investing an additional $33 million over three years …
