More Rental Housing Needed, Says Developer
Ugo Bizzarri of Hazelview Investments, with over 30 years in Canadian real estate, emphasizes the urgent need for more rental housing. “One of the most important things for Canada is its housing needs. I think rental is a big component of that and it has been ignored for years,” he stated. Bizzarri offers insights on where the rental market is heading next.
Lower Canadian Dollar and Economic Pressures
The Canadian loonie is under pressure, with implications for investors and living standards. A worsening economic picture creates risks for growth, portfolio returns, and quality of life, writes Martin Pelletier. The weakening currency may be the first sign of broader economic strain.
Tim Hodgson: A Divided Canada Cannot Build What the World Needs
Canada’s Minister of Energy and Natural Resources, Tim Hodgson, argues that national unity is critical. “There are times in a country’s history when the need for unity becomes clear for all to see. Right now, Canada is living through one of those moments,” he writes, calling for collaboration to meet global demands.
Nuvei to Acquire Payoneer for US$2.75 Billion
Payment technology firm Nuvei Corp. has agreed to buy U.S. cross-border payment platform Payoneer Global Inc. for US$2.75 billion. The deal expands the Canadian company’s reach to over 190 countries, strengthening its global footprint.
Alberta Data Centres Could Start Construction This Year
Alberta announces that gigawatt-scale artificial intelligence data centre projects may soon break ground. The province expects announcements on which centres will proceed, signaling a major step in digital infrastructure.
These stories and more are covered in today’s news roundup from Financial Post.
