Alberta Scores $938M Housing Infrastructure Boost as Bank of Canada Holds Steady

$938 million — that's the combined firepower of the new federal-provincial deal to unclog housing construction in Alberta. Ottawa is kicking in $510 million over eight years for water and wastewater infrastructure, while Alberta will cover at least one-third of eligible project costs — worth up to $428 million. The province has added 600,000 people in five years, but builders have been stuck because the pipes aren't in the ground yet.

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