Funding for eight projects will create 1,400 rental units including almost 400 with more affordable rents.

Companies say they prefer measures such as reduced hours or hiring freezes over significant layoffs if they are forced to make changes due to the 25 per cent levy.

Carney says the commitment will save Canadians up to $50,000 on the cost of a home.

As Canada’s largest-ever public infrastructure project, the project is expected to provide billions of dollars’ worth of economic output.

Federal party leaders spent their first full day on the election campaign trail talking about taxes, transfers, tariffs and the trades.