Alberta, feds put $203M toward affordable housing across the province
Alberta and Ottawa have signed off on $203 million for new affordable housing projects across the province.
Provincial Social Services Minister Jason Nixon says the joint funding will go toward 25 projects and see more than 2,300 units built.
Nixon says the projects range from housing for young adults and students in downtown Edmonton to units in Calgary for those facing homelessness.
He says this round of funding keeps the province on track to meet its goal of creating 82,000 units by 2031.
Federal Prairies Economic Development Minister Eleanor Olszewski says the funding is an example of what can happen when governments work together.
She says beyond building homes for those in need, the funding will create jobs and boost Canada's housing industry.
"That includes Canadian technology, using Canadian employees, Canadian workers and relying on Canadian lumber," Olszewski said at a news conference on Friday in Edmonton.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
a minute ago
- Globe and Mail
Ben van Beurden Appointed Lead Director of Barrick, Succeeding Stalwart Brett Harvey in the Position
TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) today announced that Ben van Beurden has been appointed Lead Independent Director of the Board, succeeding Brett Harvey. Mr van Beurden, former CEO of Shell, joined Barrick's Board in May 2025 and brings nearly four decades of global leadership in the energy and natural resources sectors. At Shell, he led the company's strategic transformation from an oil-focused business to a diversified energy leader, with significant investments in natural gas and renewables. He also streamlined Shell's structure, consolidated its headquarters in London and positioned the company among the leaders in the energy transition. In addition to his role at Barrick, Mr van Beurden is a senior advisor on energy transition investments at KKR, an independent member of the Board of Supervisors of Mercedes-Benz Group AG and Chairman of Clariant, a Swiss specialty chemicals company. Brett Harvey has been a member of the Board since 2005 and has served as Lead Director since 2013. Over more than a decade in that role, he has been a driving force in strengthening the company's governance, fostering board renewal and advancing diversity to better reflect the regions and communities in which Barrick operates. He will continue to serve as a valued member of the Board. Barrick Chairman John Thornton said: 'Brett's tenure as Lead Director has been marked by exceptional leadership and a steadfast commitment to sound governance.' He added that Mr van Beurden had already brought valuable insights to the Board's deliberations and that his appointment as Lead Director would build on that contribution. 'Ben's strategic acumen, global perspective and deep experience in sustainable business management will further enhance our ability to deliver lasting, responsible value to shareholders,' Thornton said. Thornton noted that van Beurden's appointment reflects Barrick's continued commitment to board renewal as part of a broader ongoing strategic initiative to refresh the Board's composition and ensure the Company has the leadership needed to navigate the evolving dynamics of the industry. About Barrick Mining Corporation Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry — including six of the world's Tier One gold mines — Barrick's operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol 'B' and on the Toronto Stock Exchange under the symbol 'ABX'.
CTV News
a minute ago
- CTV News
Morning Rush: Renewed calls for National Wildfire Agency
Ottawa Watch Bill Carroll from The Morning Rush shares his thoughts on renewed calls for a National Fire Administration and Agency.
Toronto Star
32 minutes ago
- Toronto Star
Our financial future is getting murkier. Here's how to Trump-proof your investments
It's been a roller-coaster of a summer for Canadian investors whose stocks are affected by U.S. President Donald Trump's tariff announcements. On July 31, Trump hiked tariffs on goods that fall outside of the Canada-U.S.-Mexico Agreement (CUSMA) to 35 per cent from 25 per cent. The tariff and market uncertainty is affecting how Canadians manage their money: a May survey from Nanos found that 59 per cent have made changes to their financial situation as a result of U.S. tariffs, with 39 per cent cutting back on spending.
