1 week ago Carney’s cabinet retreat begins as trade war set to dominate fall agenda

This fall, the Carney government will aim to push through the creation of two new federal agencies: the Major Projects Office and Build Canada Homes.

Economics

1 week ago Canada needs to build homes in record numbers for a decade to drive down prices

Canada must deliver 3.2 million net new housing units by 2035 to close the country's supply gap, according to a new updated analysis by the Government of Canada's Parliamentary Budget Officer (PBO).That works out to about 290,000 net new homes per year — a pace the country has never sustained. Net new takes into account the homes that have been demolished to make way for new additional homes.The report comes as household formation surges and then slows. After hitting a record 482,000 new households in 2024, the PBO projects a sharp decline in 2025 and 2026 due to recent federal policies curbing immigration. Household formation is expected to remain well below the historical average of 176,000 per year until 2030.On the construction side, the PBO expects a short-term boost, with completions averaging 256,000 units annually over the next three years. But beyond that, housing starts are forecast to fall back to historical norms, with about 2.5 million new units delivered ...

Economics

1 week ago Theratechnologies Announces Independent Proxy Advisor Firms ISS and Glass Lewis Recommend Shareholders Vote “FOR” the Proposed Plan of Arrangement with Future Pak

Your vote is important regardless of the number of Shares you own. Board unanimously recommends shareholders vote “FOR” the Arrangement. Shareholders are encouraged to review the circular carefully and submit their proxies in advance of the proxy voting deadline of 10:00 a.m. (Eastern time) on September 10, 2025. Visit www.theratech.com for more information. Questions or require […]

Economics

1 week ago Someone built a working model of Canada's Wonderland coaster in his yard

While the real Yukon Striker ride at Canada's Wonderland took 13 months to build and years of planning, one audacious YouTuber recently undertook the daring task of constructing a working model of the dive coaster in his yard. The U.K.-based content creator, who runs the YouTube channel TheKnexMaker with 22,000 subscribers, built the world-record-breaking dive coaster last month, completely out of K'NEX and documented his whole process. The legendary roller coaster at Canada's Wonderland holds the record for being the tallest, longest, and fastest dive coaster in the world, with a 245-foot-tall, 90-degree drop and a maximum speed of 130 km/h. It's also the only dive coaster in the world with a 360-degree loop. In the 11-minute video, the YouTuber designs, engineers, and constructs the roller coaster piece by piece (or rather, K'NEX by K'NEX), including its towering vertical drop and all of its twists and turns...

Other

2 w. ago Germany makes pitch to build Canada’s new subs, says early deadline is ‘perfectly feasible’

Mark Carney announced earlier this week that Germany's TKMS and South Korea's Hanwha Ocean are the final two contenders for the contract

Events

2 w. ago As sub competition heats up, TKMS and Germany making moves in Canada

OTTAWA — Representatives from the German government and submarine builder ThyssenKrupp Marine Systems say it’s “perfectly feasible” to begin delivery of submarines to Canada before Ottawa’s deadline of 2035. A Canadian representative from TKMS tells The Canadian Press the firm was surprised how quickly Canada moved to narrow down the options for new submarines. The […]

Other

2 w. ago Opinion: New national housing push offers the chance — and an obligation — to get it right

When Prime Minister Mark Carney called out “build, baby, build” to the cheering crowd on Canada Day, it was more than a rallying cry. It was federal policy. A key part of the government’s plan is to double the number of homes — faster and more affordably — with the help of a new crown […]

Society

2 w. ago Canada on track to build far fewer homes than needed to meet housing gap

According to PBO’s projections, 2.5 million new homes will be added to Canada’s housing stock by 2035 — an addition of 227,000 net new units completed annually over 2025 to 2035.

Other

2 w. ago Parliamentary Budget Officer says 3.2 million new homes needed to close housing gap

OTTAWA — The Parliamentary Budget Officer estimates Canada needs to build 3.2 million new homes in the next decade to close the housing gap but isn’t currently on track to do that. The latest PBO report estimates the number of new home builds will be higher over the next three years but will gradually return […]

Economics