Winnipeg Transit needs funding boost, additional staff to follow new provincial accessibility regulations: city report

Winnipeg Transit says it will need millions of dollars in new funding and additional staff to comply with Manitoba’s new Accessible Transportation Standard Regulation, which takes effect on Jan. 1.

Plan to buy B.C. condos might be more about stabilizing sector than housing: expert

VICTORIA - A government plan to buy empty condominiums and turn them into affordable housing in British Columbia might be more about stabilizing the financial sector than housing, an urban planning expert says. 

Some have criticized the federal and B.C. government's plan to convert unsold condos in a plan that Prime Minister Mark Carney said would use "innovative financial tools" as the most efficient ways to increase housing supply.

Carney said last week that effectively "what you're doing is buying them at a price, spreading out the financing," but details, including whether the condos would ultimately be rented out or resold, would not be released until the fall.

Carney and B.C. Premier David Eby said the plan would involve converting 2,200 unsold condos as part of a larger housing plan worth $5 billion over the next decade.

A submarine economic boom is just around corner. So are the challenges.

OTTAWA - As Ottawa inches closer to deciding who will supply the navy's next fleet of submarines, both the benefits and challenges involved in replacing Canada's four rusting antiques are coming to the surface.

While the industrial benefits from the submarine project will start to flow once contract details are hammered out, experts say major questions still need to be answered about long-term maintenance and staffing of the complex war machines.

Both qualified bidders offered multiple partnerships with Canadian companies in their heated, high-stakes race for the multi-billion dollar contract to manufacture up to 12 submarines.

Secretary of State for Defence Procurement Stephen Fuhr said Monday Ottawa has been squarely focused on the economic benefits that would flow from either bid, since both of the boats on offer meet all the navy's requirements.

California intends to sue Trump administration over deal to end offshore wind project

California intends to sue the Trump administration over its deal to end an offshore wind project proposed off the state's central coast.

State officials said they are combating the administration's attacks on their offshore wind industry by sending a notice of their intention to sue to the Department of the Interior on Tuesday. Tuesday’s action is focused on the administration buying back the lease for Golden State Wind, a floating offshore wind project off California’s central coast.

California has made a major commitment to offshore wind because of its potential to generate vast amounts of clean electricity from strong, consistent winds off its coast. Its strategy calls for the state to develop 25 gigawatts of offshore wind energy by 2045, enough to power roughly 25 million homes and provide about 13% of the state’s electricity supply.

These energy and climate goals are now in jeopardy, and that's why California will fight vigorously, said California Energy Commission Chair David Hochschild. He called the administration's strategy of buying back offshore wind leases “a strategic mistake of colossal proportions" that is especially stunning at a time when fossil fuel prices have been spiking due to the Iran war.

AI stock slump raises the question if investors are just taking profits or getting very nervous

Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts.

Proponents of artificial intelligence see it as the next great revolution for the global economy. The revolution won't come cheap. Just four companies — Alphabet, Amazon, Meta Platforms and Microsoft — plan to spend up to $720 billion this year, primarily on AI data centers.

This week, investors are looking at the huge sums being spent and questioning whether AI can produce the profits and productivity necessary to make all the investment worth it. Critics have been talking about the possibility of a bubble in AI investment. On Monday, Amazon and Alphabet fell about 5%.

On Tuesday, several companies that make the chips needed for the data center buildup — Nvidia, Micron Technology, Broadcom and Lam Research — led the market lower.

Economic uncertainty weighs on potential homebuyers, RBC poll says

TORONTO - A new report says prospective homebuyers see a potential window to strike a deal, but economic uncertainty is weighing on their decision.

Royal Bank of Canada's latest home ownership poll says that among those who intend to buy within two years, 45 per cent say now is the right time. However, 75 per cent of them say economic uncertainty is making them more cautious.

It also says 72 per cent of those looking to buy within two years believe the uncertainty is the biggest challenge to buying a home, while 67 per cent are worried it will affect their homebuying plans.

The Canadian economy has struggled in recent months as it continues to adjust to U.S. tariffs and a murky future for the trade agreement with the U.S. and Mexico, while the war in the Middle East sent oil prices soaring.

No evidence of generalized inflation despite May price hikes: BoC’s Macklem

Bank of Canada governor Tiff Macklem says he's not seeing evidence of generalized inflation even as price pressures surged in May.

Statistics Canada said Monday that inflation jumped to 3.2 per cent last month, reaching its highest level since late 2023 and rising past the central bank's target band of one to three per cent.

The energy price spike from the war in Iran has been the primary driver of inflation over the past three months in Canada.

Macklem has said previously that the central bank will look through the initial bout of inflation tied to higher gas prices, but will act to make sure inflation doesn’t spread to other parts of the consumer basket and become entrenched.

40 mayors worldwide endorse a pact to shape data center development

Forty mayors from around the world have signed onto a pact announced Tuesday to try to shape how urban data centers are built and operated.

It's their vision for how urban data center development can be done sustainably — and not at the expense of their cities' natural resources, energy prices or climate targets. C40 Cities, an alliance of nearly 100 cities seeking to impact climate change, launched it during London Climate Action Week.

Many new data centers are coming to rural areas for cheap land. Experts at C40 say metropolitan areas are under tremendous pressure too, with about 1,700 data centers located in their network of cities so far. Development of data centers is expected to grow by over 40% in 50 of those cities.

C40 got involved because the mayors of Phoenix and Melbourne, Australia, came together over worries about data centers using a lot of their cities' electricity and water, and competing with housing developers for available land.

AI companies should release environmental impact, commit to clean energy, says UN chief

United Nations Secretary-General António Guterres on Tuesday called on artificial intelligence companies to release information about the carbon pollution they create, along with the water and land used to power their operations.

While urging action in an address at London Climate Action Week, Guterres proposed the AI Environmental Transparency Initiative, arguing AI companies should measure and disclose the impact of their increasingly in-demand technology — impact which has been cited by opponents as reasons to curb the rapid growth of data centers. These companies have faced mounting pressure, both from governments and locally in areas with data centers that support AI, for increased transparency and more standardized reporting across the industry.

Guterres said AI companies should also commit to powering their facilities with electricity produced with renewable technologies, such as wind and solar, by 2030.

“No more hidden costs,” Guterres said at Europe’s largest independent climate conference. “No more shifting the burden onto those least able to bear it. It is time to come clean.”

Several First Nations sign deal with Ottawa, Ontario to own part of a nuclear reactor

Several Ontario First Nations are set to become owners of a new nuclear reactor after striking a commercial partnership with the federal and provincial governments.

Ottawa tabs $21.6M for Sayisi Dene energy projects

A remote northern Manitoba community has solar panels stocked — and now, it’s creating the province’s first integrated renewable energy microgrid led by a First Nation.

MMF suing governments over hunting, fishing rights

The Manitoba Métis Federation has filed two lawsuits against the provincial and federal governments over where in the province its citizens have the right to hunt and fish.

In separate statements of claim filed in the Court of King’s Bench earlier this month, the federation seeks declarations from a judge that the Métis have harvesting rights in several regions of Manitoba, despite current restrictions there, and that those restrictions on Métis hunting and fishing have unjustifiably infringed on their Aboriginal rights under Section 35 of the Constitution.

“The Métis, the Red River Métis, without a doubt have Section 35 rights … equal, side by side with the First Nations and Inuit,” said MMF president David Chartrand in an interview.

One of the claims is over game hunting areas 5, 7 and 7A around Manigotagan and Grass River, north of The Pas, and areas 17A and 26 on the southeast of Lake Winnipeg.

May food inflation outpaces overall inflation as fruits and vegetables get pricier

Rising food prices continued to outpace headline inflation for the 16th straight month, Statistics Canada data showed, with no relief in sight for consumers as higher gas prices weigh on grocery bills.

Manitoba government unveils findings of grocery price study

On Monday, Finance Minister Adrien Sala unveiled a report and three new measures government is taking, including restoring a food basket tool to regularly measure the cost of food per region and introducing legislation to mandate unit pricing in grocery stores.

Many hands feed many mouths at Siloam Mission

It takes many willing hands to prepare the quantities of food required to serve community members accessing Siloam Mission’s meal services.

One of these hands belong to Kishwar Mirza, a recently retired nurse who has been volunteering every Tuesday morning for the 8 a.m. to 11 a.m. breakfast shift in Siloam’s kitchen.

Led by Siloam Mission’s kitchen staff, Mirza and the volunteer crew — who number between 12 to 16 — prep 700 pieces of toast, 576 eggs, 150 pounds of fruit, 120 litres of soup and 80 pounds of meat daily for the approximately 600 people who turn up for breakfast, lunch and dinner at the Princess Street drop-in.

Breakfast is served from 9 to 10 a.m., plated up assembly-line style as community members queue to receive their food through the service window.

Iran war ripple effects drive inflation to its highest level since 2023

OTTAWA - Inflation accelerated to its highest level in more than two years in May as price pressures from the war in Iran started to crop up outside the gas pumps.

But most economists weighing in Monday saw little cause for panic in Statistics Canada's latest consumer price data with oil prices already receding and the Bank of Canada unlikely to move from the sidelines anytime soon.

Statistics Canada said Monday that the annual rate of inflation jumped to 3.2 per cent in May, up from 2.8 per cent in April and notching the highest headline inflation rate since December 2023.

StatCan said gas prices rose 33.2 per cent year-over-year last month as conflict in the Middle East continued to shutter the Strait of Hormuz to oil tankers. The agency said last month marks the most consumers have paid for gasoline since June 2022, when Russia’s invasion of Ukraine drove supply uncertainty.

‘This is nuts’: The hard-fought race to build Canada’s next submarine fleet

From a massive ad blitz featuring Canadian broadcast icon Peter Mansbridge to a cabinet minister calling on shipbuilders to cough up a car plant, the brief race to replace Canada’s aging submarine fleet turned heads in more ways than one.

Greed outshines ‘the Beautiful Game’

Utter greed is at the heart of this World Cup, and it has shown up as utter stupidity on the part of FIFA to think that it could treat the 104 matches of this tournament as “104 Super Bowls.”

Pill, bills, budgetary aches

We’re a nation of drug users. Well, not those drugs.

Rather, many Canadians have their health supported by pharmaceutical medications prescribed by a physician.

In our universal health-care system, medication can come with a big additional cost.

The federal government introduced a national pharmacare program in 2024. Manitoba was among the first to sign on, partly leading to its Enhanced Pharmacare Program, which now offers birth control, diabetes and a few other medications at no cost to Manitobans.

How Canada can continue to lead on news policy

As a proud Dane, I have long admired the warm relations and respect between my country and our close, like-minded friends in Canada.

At the end of the Second World War, British Prime Minister Winston Churchill wanted to stop the Red Army’s westward advance. The 1st Canadian Parachute Battalion was sent to do the job. Canadian troops encountered the Red Army in Wismar, located on Germany’s Baltic coast. The Canadians effectively blocked a Soviet advance into the Kingdom of Denmark — while that was long ago, it will never be forgotten.

We share a 3,000 km border, which has not been without controversy, but the issue has always been based on good humour and friendship. From 1973 to 2022, we “fought” over Hans Island, which is located between Ellesmere Island and Greenland and measures just 1.2 square kilometres. We were, however, able to resolve the dispute not with weapons, but with whiskey.

For many years, I was CEO of JP/Politiken Media Group, one of the largest media companies in the Nordics. As the employer of 3,000 people, I had a responsibility to ensure the long-term sustainability of the Danish news media ecosystem. Now, as CEO of WAN-IFRA (World Association of News Publishers), that responsibility is global, and it is one I take very seriously.

Cuba pushes through sweeping free-market reforms in biggest economic shift since the revolution

HAVANA (AP) — Observers on Friday called Cuba’s new free-market reforms the most sweeping economic overhaul of the island’s communist economy since the Cuban revolution, as the grandson of former President Raúl Castro said in an interview that Cuba must seek to move its economy forward.

The 176 measures aim to further decentralize Cuba’s state-run economy, which has been left gasping by a tightened embargo under President Donald Trump. Under the island’s current economic model, the government largely determines what is produced, who produces it, the prices at which goods are sold and how the country’s resources are allocated.

The plan includes more space for private businesses, imports and exports without state intermediation, free hiring of personnel, authorization for private banks and investment by Cubans abroad. It even permits fast-food chains to establish themselves on the island.

“Elements that for decades were listed as pillars of the revolutionary economy, such as the state monopoly on foreign trade and the centralization of productive forces, have been dismantled,” said Luis Carlos Battista, a Cuban-American political scientist and lawyer who is a doctoral candidate at the University of Salamanca.