Overview
- An Ottawa staff report pegs the city’s annual commitment to Lansdowne 2.0 at $4.3 million with construction costs locked at $313 million and a total project value of $418.8 million.
- Mayor Mark Sutcliffe says taxpayers would fund less than one-third of construction and none of the operating costs, with air-rights revenue now estimated at $65 million and $14.4 million earmarked for off-site affordable housing.
- Coun. Shawn Menard disputes the projections and warns the overall tab could rise to about $483 million once higher retail podium costs ($44 million) and condo parking ($19 million) are included, citing an auditor’s earlier finding that initial estimates were understated by $74 million.
- Partial Edmonton election results indicate Andrew Knack is poised to be mayor and a left-leaning council majority is emerging, with turnout reported around 30.7 percent and several ward races still unresolved.
- A new CIBC outlook ranks New Brunswick among the provinces most exposed to U.S. tariffs at roughly one percentage point of GDP, notes exports are down about 18 percent year over year, and revises growth to 1.5 percent in 2025 and 1.4 percent in 2026 as fiscal pressures build.