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Canada Post CEO touts ‘early signs’ of recovery even as financial woes persist
Source: Global News Politics
Date: 2026-10-22 21:45:13.0
Tags: [National, Economy, Finance, Labour, Transportation]Canada Post CEO Doug Ettinger announced early signs of financial recovery at the Crown corporation's annual public meeting, citing a reduced pre-tax loss of $277 million in the second quarter of the year compared to $407 million the previous year. To address structural challenges, Canada Post is phasing out door-to-door delivery for four million addresses over five years in favor of community mailboxes—targeting 700,000 households by the end of 2027—and launching a direct-to-consumer online marketplace named Canada Shops. These operational overhauls follow the federal government's adoption of recommendations from an Industrial Inquiry Commission led by William Kaplan, which lifted a moratorium on new community mailboxes and rural post office closures.
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Canada Post starting weekend parcel delivery in Toronto, Montreal and Ottawa this fall
Source: CBC Politics
Date: 2026-10-22 19:44:37.0
Tags: [National, Ontario, Quebec, British Columbia, Alberta, Labour, Transportation, Finance]Canada Post has launched weekend parcel delivery in Ottawa and Montreal, with plans to expand to Toronto in late November 2026 and to Vancouver, Edmonton, and Calgary the following year, aiming to reach seven million households by the end of 2027. The Crown corporation reported a pre-tax loss of $482 million in the first half of 2026 and continues to rely on federal loans, though parcel revenue grew by 20.7 percent year-over-year in the second quarter. This operational restructuring follows a month-long national strike in December 2024 and the signing of a new collective agreement with the Canadian Union of Postal Workers (CUPW) that remains in effect until 2030.
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Immigration, high-speed rail and Bill 21: Where new PQ government could test Ottawa
Source: CBC Politics
Date: 2026-10-07 08:00:00.0
Tags: [National, Quebec, Immigration, Infrastructure, Transportation, Justice, Finance, Governance]Following the Parti Québécois' provincial election victory, Premier-designate Paul St-Pierre Plamondon faces key policy friction points with Prime Minister Mark Carney's federal government. The PQ intends to seek full provincial control over immigration to reduce permanent immigrants to 35,000 and halve temporary immigration quotas, oppose the federal high-speed rail project connecting Toronto to Quebec City via Montreal, and seek $4.4 billion in additional federal transfers. Additionally, the new government plans to challenge federal authority by taking steps to abolish the monarchy in Quebec and cut funding to the lieutenant-governor's office, while awaiting a crucial Supreme Court of Canada ruling on Bill 21.
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Alto high-speed rail project could cost more than originally thought: budget watchdog
Source: CBC Politics
Date: 2026-10-01 14:34:52.0
Tags: [National, Ontario, Quebec, Infrastructure, Transportation, Transit, Finance]A new report from the Parliamentary Budget Office (PBO) indicates that the proposed Alto high-speed rail project connecting Toronto, Kingston, Ottawa, and Montreal could cost between $75 billion and $113 billion, higher than official initial estimates of $60 billion to $90 billion. The Crown corporation Alto is overseeing the corridor project, with cost drivers primarily attributed to tunnels and elevated structures, which add $169 million and $153 million per kilometre respectively. The PBO estimates the construction will provide modest economic stimulus, raising real GDP by approximately $1.8 billion in 2029 and $2 billion by 2033 while creating between 4,300 and 9,000 jobs. Federal legislation such as Bill C-5 (the One Canadian Economy Act) may help mitigate project risks, land acquisition hurdles, and permitting delays.
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Canada seeks ‘private investment’ in airports but feds to keep land, assets
Source: Global News Politics
Date: 2026-09-15 13:15:27.0
Tags: [National, Infrastructure, Transportation, Economy, Finance]Prime Minister Mark Carney announced that the federal government will seek private investment through long-term concessions to operate Canada's four largest airports. Under this new model, the federal government will retain ownership of the underlying land and assets while aiming to bring in new capital and operational expertise. The initiative is designed to unlock the economic value and growth potential of the nation's primary aviation hubs.
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Carney says government to open up Canada's 4 largest airports to private investment
Source: CBC Politics
Date: 2026-09-15 12:49:55.0
Tags: [National, Infrastructure, Transportation, Economy, Finance]Prime Minister Mark Carney announced that the federal government will open Canada's four largest airports—Toronto Pearson International Airport, Vancouver International Airport, Montreal's Trudeau International Airport, and Calgary International Airport—to private investment through long-term operating concessions. While Ottawa will maintain ultimate ownership of the underlying land and assets, the government aims to unlock capital and operational expertise to reinvest billions of dollars into future public infrastructure. The initiative follows prior signaling in the federal budget and spring economic update, utilizing events like the Canada Investment Summit in Toronto to engage major global investors and pension funds.
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Carney delivers remarks at investment summit as Liberals discuss airport privatization
Source: CBC Politics
Date: 2026-09-15 12:31:10.0
Tags: [National, Ontario, Economy, Finance, Trade, Infrastructure, Transportation]Prime Minister Mark Carney hosted the Canada Investment Summit in Toronto to attract $1 trillion in investments over the next five years, featuring a 66-page prospectus containing 167 projects. During the summit, the Canada Pension Plan Investment Board and Brookfield Asset Management Ltd. announced a new $50 billion fund for large-scale investments structured on a 50-50 basis with up to $25 billion in equity capital from each organization. Additionally, Carney confirmed that the federal government is pursuing private investment and long-term concessions to operate Canada's four largest airports while keeping the underlying land and assets. These developments coincided with the implementation of new 50 per cent U.S. tariffs on select Canadian goods and protests organized by The Many vs. The Money coalition.
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Alberta's new insurance regime will see savings for 88 per cent of vehicles: rate board
Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-09-10 18:23:35.0
Tags: [Alberta, Transportation, Affordability, Finance, Governance]The Alberta Auto Insurance Rate Board released reports indicating that the province's new "Care-First" auto insurance system, taking effect January 1, will reduce average private passenger vehicle premiums by 13.7 percent, saving drivers $297 per year. The analysis shows that 88 percent of Alberta's 3.1 million insured vehicles will see premium reductions, with about 47 percent (1.47 million vehicles) saving $300 or more, while approximately 10 percent of vehicles—led by a 37 percent increase for motorcycles—will face higher rates. The transition to the care-focused model, which replaces the court-based tort system, has drawn opposition from personal injury lawyers, governing United Conservative Party members who voted against it at an annual general meeting, and Opposition New Democrats who criticize it for prioritizing insurer profits.
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Government Responds to Rate Review Panel Recommendations
Source: Saskatchewan - Government News
Date: 2026-09-04 23:30:00.0
Tags: [Saskatchewan, Finance, Transportation, Affordability]The Government of Saskatchewan announced that Saskatchewan Government Insurance (SGI) will implement a 3.75 per cent overall Auto Fund rate increase alongside rate rebalancing, effective June 1, 2027, following recommendations from the Saskatchewan Rate Review Panel. The government also confirmed a 3.75 per cent increase that took effect on June 1, 2026. While the panel recommended an immediate 6.5 per cent capital margin increase, the government directed SGI to proceed with the lower rate increase to balance affordability with the Auto Fund's financial pressures from rising claims costs and inflation. The adjustment will result in an average annual increase of about $39.00 for Saskatchewan vehicle owners.
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