FEDERAL BUDGET
Infrastructure
What the provinces want, and what the federal budget delivered
Top infrastructure projects
Last Updated: Tuesday, January 27, 2009 | 9:04 PM ET
By Philip Demont CBC News
Canada's situation in the current global economic crisis has all sorts of interesting aspects, perhaps none more interesting than the federal government's effort to stimulate the economy through infrastructure spending.
Canadians are used to Ottawa doling out pennies for capital projects when the provinces are asking for hundred-dollar bills. This time around, however, the federal government is throwing buckets of cash at the provinces.
About $12 billion in new money has been set aside for roads, bridges, railways, universities, recreation centres and other infrastructure over the next two years as part of the Conservative government's effort to give the struggling economy a leg up. And that doesn't include the hundreds of millions more that will be spent on things such as improvements to social housing.
Here are some of the more notable infrastructure projects across the country that were announced in the Jan. 27 federal budget:
Share Tools
Top News Headlines
- Toronto mayor's brother says he never dealt drugs
- The brother of Toronto Mayor Rob Ford has vehemently denied allegations in Saturday's Globe and Mail that he was involved in the illicit drug trade in the 1980s. more »
- Hockey Canada votes to ban bodychecking in peewee hockey
- Hockey Canada's board of directors voted to eliminate bodychecking from peewee-level hockey on Saturday in Charlottetown. more »
- Neil Macdonald: How serious is Obama about curbing the drone surge?
- In a key speech this week, the U.S. president set out a host of supposed new safeguards for America's controversial practice of remote-controlled rough justice. But as Neil Macdonald writes, the underlying rationale for drone use has not fundamentally changed. more »
- Ontario man lost in Australian mountains has survival skills
- The sister of an Ontario man who disappeared in Australia's Snowy Mountains nearly two weeks ago says she remains hopeful he will be found, partly because of his training as a Canadian Forces reservist. more »
Must Watch
Latest Business Headlines
- Growing appetite for American whisky straining supply
- Fans of some American whiskies might soon be scrambling to find their favourite brand because of a seemingly insatiable demand for bourbon, rye and other styles of whisky that shows no sign of abating. more »
- Royal Bank pledges not to outsource jobs for cash savings
- Royal Bank has promised it will never outsource a Canadian job to a foreign worker solely to save money. more »
- Canada threatens retaliation over U.S. meat-labelling rules
- The federal government is threatening "retaliatory measures" against the United States in a dispute over meat-labelling rules that Ottawa and the World Trade Organization consider discriminatory. more »
- Canada ranks 3rd last in paid vacations
- Canada ranks third last among economically advanced countries in the amount of paid vacation time it guarantees its workers, a new U.S. study indicates. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12667.22 | 9.13 |
| DOW | 15303.10 | 8.60 |
| NASDAQ | 3459.14 | -0.28 |
| SP 500 | 1649.60 | -0.91 |
| TSX-VENTURE | 948.32 | 6.27 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
- Toronto mayor's brother says he never dealt drugs
- 3 more suspects arrested in slaying of U.K. soldier
- McDonald's CEO chastised by 9-year-old B.C. girl
- NYPD investigating Amanda Bynes sex assault allegations
- Dog snared on baited hooks near Vancouver's Grouse Grind trail
- Ontario man lost in Australian mountains has survival skills
- Canadian mine giant Barrick fined a record $16.4M in Chile
- Retired police officer killed in Mexico remembered as animal lover
- Toronto Mayor Rob Ford denies using crack cocaine
