Skip to main content

Featured

5 Things to Know Today — June 19, 2026

Oil eases off war-driven highs, insolvencies hit a 17-year peak, and the CUSMA clock is ticking — here's your Canadian money briefing for Thursday. 1. 🛢️ Oil Slips Below $77 — But Don't Expect a Big Break at the Pump Yet Crude oil climbed back above $77 USD per barrel this morning after planned U.S.–Iran talks in Switzerland were cancelled by the Swiss Foreign Ministry — a reminder that the ceasefire deal struck last week is far from rock-solid. That said, the broader picture is improving: WTI is on track for its steepest weekly decline in months as conditions in the Strait of Hormuz gradually normalize following the interim peace agreement. The U.S. Central Command has lifted shipping restrictions from Iranian coastal waters, and tanker traffic is slowly resuming. What it means for you: Lower crude prices will eventually filter through to Canadian gas stations, but energy analysts caution that supply chains need weeks to months to fully unwind. Brent fell back to roughly $83...
Post a Comment
Read more

article

Labels

Ottawa and Ontario Reach Deal to Clear Path for Highway 413 Project

 


In a significant development, Ontario and the federal government have announced a deal that will allow the contentious Highway 413 project to move forward. Here are the key details:

  • Project Assessment Set Aside: The Federal Court ruled that the assessment of Ontario’s Highway 413 project can be set aside. As a result, the highway project can proceed without a full-fledged federal environmental assessment.

  • Collaborative Process: Officials from both levels of government have agreed to a collaborative process to address issues related to federal species at risk throughout the project planning in Ontario. This approach aims to ensure that environmental impacts are minimized while considering critical habitats for species such as the Western chorus frog and the red-headed woodpecker.

  • Federal Court Approval: The Federal Court has canceled the project’s designation under the Impact Assessment Act. A joint consent order filed by both governments on March 20 requested the discontinuation of the federal environmental assessment for the project.

  • Working Group: An essential step involves the establishment of a joint working group between the Ontario transportation ministry and the Impact Assessment Agency of Canada. This group will recommend measures to mitigate environmental impacts within areas of federal environmental jurisdiction. Their collective expertise will guide the project as it moves into the design stage.

  • Ontario’s Commitment: Ontario’s own environmental assessment process is already underway, and the province remains committed to constructing projects that minimize environmental impacts. Transportation Minister Prabmeet Sarkaria expressed optimism about moving forward with the Highway 413 project, emphasizing that a federal environmental assessment would have caused significant delays.

This agreement marks a pivotal moment for Ontario, providing much-needed clarity and momentum for the Highway 413 initiative. With the roadblock cleared, the province aims to commence work on the project within the next year. The proposed route for Highway 413 will traverse parts of the Greenbelt, connecting the existing 400 and 401 highways in the northern and western regions of the Greater Toronto Area.

Labels:

Comments

Post a Comment