RBC Global Asset Management Inc. announces maturity date of RBC Target 2025 Canadian Government Bond ETF, RBC Target 2025 Canadian Corporate Bond Index ETF and RBC Target 2025 U.S. Corporate Bond ETF
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Cision Canada
an hour ago
- Cision Canada
CUPW Presents New Global Offers to Canada Post
OTTAWA, ON, Aug. 20, 2025 /CNW/ - Today, negotiators for the Canadian Union of Postal Workers (CUPW) returned to the bargaining table with Canada Post to present global offers for both postal bargaining units. With the help of Federal mediators, further talks are scheduled for Friday, August 22, and Monday, August 25. CUPW's latest offers come after postal workers decisively rejected Canada Post's "best and final offers" in a government-forced vote in July. "The Union remains committed to reaching negotiated settlements at the bargaining table," says Jan Simpson, CUPW National President. "CUPW's global offers provide Canada Post practical and workable solutions to expand its services and grow its revenues, while also ensuring postal workers' contributions to an important part of Canada's national infrastructure are valued." Key elements of our latest offer include: Wage increases to make up for the cost-of-living crisis; Targeted increases in the number of corporate vehicles for Rural and Suburban Mail Carriers. No worker should have to risk their safety or pay out of pocket just to do their job; Staffing changes in postal facilities to lessen Canada Post's overreliance on temporary workers who don't have stable schedules or benefits; Scheduling changes to ensure letter carriers can have a work life balance without overburdening; and We are putting forward proposals for CPC to expand services and grow the business, making the corporation stronger and more sustainable for the future. "As CUPE flight attendants have made so visibly clear, the best deals are reached at the table," adds Simpson. "CUPW is focused on ensuring good, stable jobs for all postal workers and strengthening the public post office."
Global News
an hour ago
- Global News
Canada isn't in a housing slump — Ontario is, RBC analysis shows
The pace of housing construction in Canada is picking up, but the country's most populous province is pulling down the pace, new analysis shows. Housing starts have been the strongest ever in Canada in the last four years and remain robust in much of the country this year, said a new report by the Royal Bank of Canada that analyzes the latest housing start numbers from the Canada Mortgage and Housing Corporation (CMHC). However, while the rest of the country saw a bump in housing starts, Ontario saw a steep decline, with the decline centred in the Greater Toronto Area. 'This divergence is concerning, because it threatens to perpetuate severe affordability problems that exert social and economic hardship on Canadians in these regions,' the report by RBC economist Robert Hogue said. The report said Ontario's lag in construction was at 'the root of the housing crisis' in Canada. Story continues below advertisement Nationally, Canada saw construction start on 263,000 units in July, a jump of 3.7 per cent compared to the previous month. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Experts say this is not the case in Toronto. 'High development costs continue to choke new rental supply in Toronto, where housing starts plunged 69 per cent in July compared with a year earlier and are down 49 per cent year-over-year. Without policy reform, the downward spiral is likely to continue,' said Nicole Lechter, senior real estate analyst at RSM Canada. Alberta, Saskatchewan, Manitoba, Quebec and Atlantic Canada all saw higher housing starts. While B.C. saw some moderation, it is not as stark as it is in Ontario, the RBC report said. 'Ontario's six-month average has fallen to the lowest level in a decade — trending in the opposite direction of what's needed to achieve the provincial government's ambitious goal of building 1.5 million new homes over 10 years,' Hogue said in his report. 'It's a similar, albeit less pronounced, situation in B.C.,' he added. High development and construction costs were to blame for Ontario's slow pace of housing starts, the report said. 'Builders saw a rapid escalation of expenses for land, labour, and materials, compounded by municipal development charges and other fees in the past several years,' it said. Story continues below advertisement Ontario's housing slump is exacerbated by the slowing pace of condo construction, which has 'plummeted with no end in sight.' 'The full impact of the current slowdown in housing starts won't be felt for years in Ontario. It can take two, three or more years to complete a large multi-unit project once the foundation has been poured,' the report said. 'Indeed, the GTA market is still absorbing the wave of condo units completed in 2024 started during the pandemic or even earlier.' The ripple effects of the current downturn will be felt well into next year, the report said. 'The downturn in Ontario's housing construction pipeline could have dire consequences for 2026 and beyond if not addressed.'
Cision Canada
2 hours ago
- Cision Canada
Investing across Quebec to build safe and strong communities Français
MONTREAL, /CNW/ - The Government of Canada is delivering over $557.5 million to Quebec this year through the Canada Community-Building Fund (CCBF). This allocation is part of the previously announced $2.8 billion in CCBF funding Quebec will receive by 2029 to build communities with stronger and more resilient infrastructure. In addition to its other significant infrastructure investments, the Government of Quebec is contributing more than $1.7 billion by 2029 to projects funded by the CCBF. Investing in basic infrastructure projects – such as public transit, water and wastewater infrastructure, and local roads and bridges – enables communities to grow and build more housing. Today's announcement reflects exactly what Canada's new government has committed to achieving with the Canada Community-Building Fund program, in collaboration with the Government of Quebec. With the funding announced today, communities can build essential and recreational infrastructure so families in Quebec can thrive. The administrative agreement on the CCBF between the Government of Canada and the Government of Quebec provides the flexibility needed to respond strategically to the current and future infrastructure needs of Quebec municipalities. The overall budget, which will allow for investments of more than $4.5 billion by the 2028-2029 fiscal year, is administered by the Société de financement des infrastructures locales (SOFIL)and the funds are distributed to municipalities for projects developed in collaboration with the ministère des Affaires municipales et de l'Habitation and the ministère des Transports et de la Mobilité durable. Quotes "Building a strong Canada starts with building strong communities. We are investing in new infrastructure projects that support housing and foster connected communities. Our investment in Quebec reinforces our commitment to building bold, building strong, and building together in all communities." The Honourable Gregor Robertson, Minister of Housing and Infrastructure "Our government is proud to support Quebec's cities and municipalities in modernizing their essential infrastructure. Whether it's safer roads, more reliable water systems, or accessible recreational spaces, today's investment gives Quebec the means to build a more sustainable and inclusive future for its communities. By supporting local priorities, we are committed to building a stronger Canada." The Honorable Steven Guilbeault, Minister of Canadian Identity and Culture, Minister responsible for Official Languages, and Quebec Lieutenant "The amounts announced today are significant and will enable Quebec municipalities to develop infrastructure that meets the needs of citizens. This agreement guarantees stable funding for the next 10 years for the benefit of all Quebecers." Eric Girard, Minister of Finance and Minister Responsible for Relations with English-Speaking Quebecers "Infrastructure needs are great in all regions of Quebec, and this funding will enable us to work with municipalities to develop a variety of essential projects that directly address local priorities. By joining forces, we are doing much more than investing in our infrastructure: we are investing in the quality of life and vitality of our communities." Andrée Laforest, Minister of Municipal Affairs and Minister Responsible for the Saguenay–Lac-Saint-Jean Region Quick facts The Canada Community-Building Fund (CCBF) will deliver $26.7 billion between 2024-2034 in federal funding to catalyse core infrastructure investments. In 2025-26, the CCBF will provide $2.5 billion to 3,700 communities across Canada to support local infrastructure priorities. In 2025-26, Quebec will receive $557.5 million to make strategic infrastructure investments across 19 project categories. Since 2015, the federal government has invested $26.6 billion across Canada through CCBF, including more than $6.03 billion in Quebec communities. In Quebec, the SOFIL administers programs that provide access to CCBF funding through various programs. The CCBF is a permanent, indexed source of funding provided to provinces and territories, who in turn flow this funding to local governments and other entities to support local infrastructure priorities. Associated Links Follow us on X, Facebook, Instagram and LinkedIn Web: Housing, Infrastructure and Communities Canada SOURCE Department of Housing, Infrastructure and Communities
