Trump tariffs or not, Canada's BeaverTails CEO is ready to take on the U.S. — one fried treat at a time
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Winnipeg Free Press
13 minutes ago
- Winnipeg Free Press
New federal entity to prioritize Canadian-made, affordable housing projects
OTTAWA – Prime Minister Mark Carney's promised new entity to spur massive amounts of housing construction will prioritize the building of affordable housing and the use of Canadian materials, says a consultation document published by the government on Monday. The document shared by Canada's housing department says Build Canada Homes is also intended to accelerate the speed at which federal lands are converted to housing, and to stress the use of materials, manufacturing and construction methods that reduce the cost and environmental impact of building. It says financial and non-financial tools being explored include loans, equity investments, real property and housing investments, loan guarantees and contributions. The department is still working on the program's design and says it's accepting feedback from the public until the end of the month. The document, released as part of a consultation process with builders and other industry stakeholders, says Build Canada Homes is positioned to support projects that deliver a 'significant number' of affordable housing units. It also says the government will look at projects that expand the supply of housing run by organizations like co-ops, non-profits and Indigenous housing providers. The document says the government will look for opportunities to use Canadian-made materials and regional production hubs, and to boost the efficiency of public dollars through tools like below-market-rate loans or private or philanthropic capital. It will also prioritize projects that use new methods of construction, like prefabricated or 3D-printed construction. Housing affordability was a major issue in the recent federal election, as there haven't been enough homes built in Canada to keep up with population growth. The Canada Mortgage and Housing Corporation said in a June report that Canada needs to build between 430,000 and 480,000 new housing units over the next decade, to bring housing costs back to where they were before the pandemic. Carney promised in his election platform that his government would invest $6 billion in the Build Canada Homes initiative. The platform said Build Canada Homes would act as a developer to build affordable housing at scale, including on public lands. It also promised to provide over $25 billion in financing to prefabricated homebuilders in Canada, support affordable homebuilders and incentivize companies to hire apprentices and recent graduates by establishing new requirements on federal contribution agreements to major projects. Caroline Desrochers, parliamentary secretary to the minister of housing and infrastructure, said in a recent interview with The Canadian Press that the government is exploring options for Build Canada Homes, which could potentially become a separate agency or a unit within Housing, Infrastructure and Communities Canada. She said the government is aiming to launch the program in the fall and is 'going to start doing work right now with what we have already' while exploring the best governance for the entity. Desrochers said the goal is to not create 'more layers of bureaucracy and approvals.' Desrochers said representatives from the government and the CMHC are on a task force created to develop the options for the new program. She said the government is also in discussion with several promoters and modular and prefabricated home companies to see what projects are ready for funding and to be built. This report by The Canadian Press was first published Aug. 11, 2025.
CBC
13 minutes ago
- CBC
Economist weighs in on B.C. ending the 2024 fiscal year with a $7.3B deficit
A recent provincial update showed the fiscal year's final deficit came in at $7.3 billion, $564 million lower than expectations. Marc Lee, a senior economist with the Canadian Centre for Policy Alternatives, said it makes sense that B.C. is in a deficit at a time of economic uncertainty due to U.S. tariffs, and that the situation could change quickly.
Toronto Star
42 minutes ago
- Toronto Star
Titanium Reports Q2 2025 with 16.8% Logistics Revenue Increase; Further Debt Reduction Strengthens Balance Sheet
Consolidated revenue for Q2 2025 grew 3.5% year-over-year, to $119.1 million, driven by strength in the Logistics segment. Logistics revenue increased 16.8% year-over-year, fueled by 19% increase in US volume, highlighting growth of new customers and the scalability of Titanium's asset-light model. Enhanced financial flexibility with $12.4 million in debt reduction, $16.4 million cash on hand. BOLTON, Ontario, Aug. 11, 2025 (GLOBE NEWSWIRE) — Titanium Transportation Group Inc. ('Titanium' or the 'Company') (TSX:TTNM, OTCQX:TTNMF), a leading provider of transportation and logistics services throughout North America, is pleased to report its financial results for the three and six-month period ended June 30, 2025. All amounts are in Canadian currency.
