'We have to be bold': Saskatchewan, Alberta premiers on energy and restoring investor confidence
Moe said he's 'cautiously optimistic,' a shift from pessimism during the past several years under former prime minister Justin Trudeau.
'There are some comments from this prime minister that I truly think we can get behind,' said Moe.
Smith noted the importance of Alberta's exports to the U.S. and elsewhere. Oil from the province goes to 55 refineries in the U.S., 20 of which are 100 per cent reliant on Canadian oil. In addition, Alberta supplies almost 60 per cent of crude imports to the U.S. and more than 8.6 billion cubic feet of natural gas daily, according to Smith.
According to ATB Economics, more than 88 per cent of Alberta's exports were to the U.S. last year, nearly the same as in 2023. For 2024, energy products accounted for 82 per cent of the province's exports to the U.S.
'Our province is already a cornerstone of North American energy security — whether (the) U.S. president will admit it or not, we are critical to the United States' supply,' said Smith.
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17 minutes ago
Carney says a U.S. trade deal without some tariffs is unlikely
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Cision Canada
30 minutes ago
- Cision Canada
BREAKING GROUND FOR A NEW TRANSITIONAL APARTMENT IN PRINCE ALBERT Français
PRINCE ALBERT, SK, July 15, 2025 /CNW/ - Solving Canada's housing crisis requires immediate action to bring down costs. To provide Canadians with increased access to affordable and sustainable housing, the governments of Canada and Saskatchewan today announced funding of $3.76 million to help build a new transitional housing apartment for individuals in need in Prince Albert, with a focus on women experiencing hardship. This low-rise apartment will provide affordable and supportive housing and will offer temporary accommodation and aims to assist individuals in moving from challenging circumstances toward stability, well-being and independence. Developed by YWCA Prince Albert, the multi-million-dollar project will add 20 one-bedroom units to the city, which will contain 10 bachelor units, eight one-bedroom units, two one-bedroom barrier-free units and a common area for services. The property will be located on 18 th Street West and the units are expected to be completed in early 2027. YWCA Prince Albert is a non-profit organization providing shelter, supportive housing, and assistance to marginalized populations to help break the cycle of poverty. For this project, YWCA Prince Albert (YWCA) plans to give priority tenancy to women transitioning from YWCA programs, which includes women and youth at risk of violence and homelessness and young mothers. Tenants will receive support services through YWCA Prince Albert's various programs. As we build a strong Canadian housing sector, purposeful collaboration will be essential. That means working hand-in-hand with the non-profit sector to bring down costs and build homes at a scale and speed not seen since the Second World War. Quotes: "These homes being built by YWCA Prince Albert will provide individuals in need a safe space and peace of mind. The federal government is committed to supporting communities across the country in ensuring every Canadian has a place to call home." – The Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada "This investment will provide vulnerable women with a safe, supportive place to call home and hope for a brighter future. With strong support of community partners, we are happy to see construction begin on this new transitional housing development that will provide stability and life-changing support for women in need," – The Honourable Terry Jenson, Minister of Social Services and Minister Responsible for Saskatchewan Housing Corporation (SHC) "We are glad to be starting construction on this much-needed project in partnership with the municipal, provincial, and federal governments. 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Progress on programs and initiatives are updated quarterly on the Housing, Infrastructure and Communities Canada (HICC) website. The Housing and Infrastructure Project Map shows affordable housing projects that have been developed. As of March 2025, the federal government has committed $65.84 billion to support the creation of over 166,000 units and the repair of over 322,000 units. These measures prioritize those in greatest need, including seniors, Indigenous Peoples, people experiencing or at risk of homelessness, and women and children fleeing violence. NHS is built on strong partnerships between the federal, provincial, and territorial governments, and continuous engagement with others, including municipalities, Indigenous governments and organizations, and the social and private housing sectors. This includes consultations with Canadians from all walks of life, and people with lived experience of housing need. All NHS investments delivered by the federal, provincial, and territorial governments will respect the key principles of NHS that support partnerships, people, and communities. In 2019, the Government of Canada and the Government of Saskatchewan entered into an agreement through the National Housing Strategy. The Canada-Saskatchewan Bilateral Agreement will invest $585 million over 10 years, which is cost matched between the federal and provincial governments. The Rental Development Program (RDP) provides one-time capital funding in the form of a forgivable loan to assist in the development of affordable rental housing units for households with low incomes. The RDP is funded by Canada Mortgage and Housing Corporation (CMHC) and Saskatchewan Housing Corporation (SHC). YWCA Prince Albert provides shelter, supportive housing, and assistance to marginalized populations to help break the cycle of poverty. Operating since 1912, YWCA offers two crisis shelters, housing projects, housing case management, recovery services, settlement services, and comprehensive support programs. Since 2007, Saskatchewan Housing Corporation (SHC) has worked with Prince Albert housing providers to develop 415 affordable rental units. In addition, through SHC's Shelter Enhancement Program, YWCA has completed multiple shelter improvements benefiting victims of family violence, with funding of $199,000. Funding provided for this project is as follows: $3,762,516 in cost-matched funding from the Government of Canada and the Government of Saskatchewan through the National Housing Strategy (NHS) – Saskatchewan Priorities Initiative (SPI) $414,694 from YWCA Prince Albert $30,000 from the City of Prince Albert Associated Links: Visit for the most requested Government of Canada housing information. CMHC plays a critical role as a national facilitator to promote stability and sustainability in Canada's housing finance system. Our mortgage insurance products support access to homeownership and the creation and maintenance of rental supply. We also actively support the Government of Canada in delivering on its commitment to make housing more affordable. Our research and data help inform housing policy. By facilitating cooperation between all levels of government, private and non-profit sectors, we contribute to advancing housing affordability, equity, and climate compatibility. Follow us on X, YouTube, LinkedIn, Facebook and Instagram. Progress on programs and initiatives are updated quarterly on the Housing, Infrastructure and Communities Canada (HICC) website. The Housing and Infrastructure Project Map shows affordable housing projects that have been developed so far. In November 2019, the Government of Saskatchewan released Saskatchewan's Growth Plan: the Next Decade of Growth 2020-2030, which sets out the Government's vision for a province of 1.4 million people by 2030. The Plan identifies principles, goals and actions to ensure Saskatchewan is capturing the opportunities and meeting the challenges of a growing province. To learn more, visit SOURCE Canada Mortgage and Housing Corporation (CMHC)
Toronto Sun
an hour ago
- Toronto Sun
CREA cuts 2025 forecast again but says home sales are rebounding from 'chaotic start'
Published Jul 15, 2025 • 3 minute read A real estate sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021. Photo by Evan Buhler / The Canadian Press For the second time this year, the Canadian Real Estate Association has downgraded its forecast for home sales in 2025, even as it reported the number of homes changing hands across the country in June rose 3.5 per cent compared with a year ago. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The association said Canadian home sales last month also increased 2.8 per cent compared with May on a seasonally adjusted basis. In its outlook released Tuesday, CREA said it now expects a total of 469,503 residential properties to be sold this year, a three per cent decline from 2024. In April, the association forecast the number of home sales for 2025 to remain essentially unchanged from last year, which itself marked a steep cut from its January forecast of an 8.6 per cent year-over-year increase. The national average home price is forecast to fall 1.7 per cent on an annual basis to $677,368 in 2025, which would be around $10,000 lower than predicted in April. CREA senior economist Shaun Cathcart said that despite a 'chaotic start to the year,' the latest data suggests the housing market rebound originally forecast for this year — before it was upended by the Canada-U.S. trade war — may have 'only been delayed by a few months.' Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'At the national level, June was pretty close to a carbon copy of May,' said Cathcart in a press release, cautioning 'we're not out of the woods yet' given U.S. President Donald Trump's latest 35 per cent tariff threat. The association said the tariff-related uncertainty that drove so many buyers back to the sidelines earlier this year ended up taking a larger bite out of activity in B.C., Alberta and Ontario than was expected three months ago, but 'the good news is markets appear to be entering their long-expected recovery phase, fuelled by pent-up demand, lower interest rates, and an economy that is expected to avoid worst-case tariff scenarios.' 'Most housing markets continued to turn a corner in June, although market conditions still vary considerably depending on where you are in Canada,' said CREA chair Valerie Paquin. This advertisement has not loaded yet, but your article continues below. 'If the spring market was mostly held back by economic uncertainty, barring any further big shocks, that delayed activity could very likely surface this summer and into the fall.' CREA said it now forecasts national home sales in 2026 to improve by 6.3 per cent to 499,081. That would put activity back on track with what was expected in its April forecast, when it predicted a 2.9 per cent gain in sales next year. RECOMMENDED VIDEO The national average home price is expected to increase three per cent from 2025 to $697,929 next year. Meanwhile, the national average sale price fell 1.3 per cent in June compared with a year earlier to $691,643. There were 47,871 home sales recorded last month, up from 46,237 in June 2024. This advertisement has not loaded yet, but your article continues below. The association said the recovery in sales activity over the past two months was led overwhelmingly by the Greater Toronto Area The number of newly listed properties throughout the country was down 2.9 per cent month-over-month from May. A total of 206,435 properties were listed for sale by the end of the month, up 11.4 per cent from a year earlier and just one per cent below the long-term average for this time of the year. 'June's sales performance came in broadly as expected, with Canadian transactions continuing their gradual recovery from their early-year depths,' said TD economist Marc Ercolao in a note. 'We expect home sales will continue to rise in the second half of the year as pent-up demand continues to trickle into the market. That said, the sales level should remain subdued as economic uncertainty remains elevated, especially with Canada facing new tariff threats.' Toronto & GTA Editorial Cartoons Columnists NHL NFL
