Category: Economy

Chinese electric cars, Canada takes action

VAUGHAN – As announced several times in recent weeks, Canada in going to take action against the potential invasion of electric Chinese cars. Indeed, the federal government is launching a consultation process on how to address the “oversupply” of Chinese-made electric vehicles – including potential tariffs – in the global market: Finance Minister Chrystia Freeland (in the pic above, from Twitter X) announced it today, speaking in Vaughan, Ontario: the consultation process, lasting thirty days, will begin on 2 July.

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New housing: skyrocketing costs for infrastructure, but there’s a way. All the details in the report “A Jump Start”

TORONTO – Canada needs to build more homes and it needs to do it as fast as possible. But there is a… “but”: this will imply the need to increase spending on municipal infrastructure like roads, sewers, water mains, public transport, schools, parks, fire stations… and according to the report “A Jump Start” by former city manager and Ontario deputy minister Michael Fenn and the Canadian Urban Institute (funded by the Canada Infrastructure Bank), the average cost of such infrastructure could exceed $100,000 for each newly built home (you can download and/or read the whole report here: A-Jump-Start). (more…)