Under the agreement, CPP Investments will contribute up to $350 million, while Tricon will provide up to $150 million.

The federal and provincial governments have announced a combined $2 million in funding for affordable housing projects in Sarnia and Thunder Bay.

Construction employment took a brief step back in 2020 due to the COVID-19 pandemic, but demands associated with growth combined with significant numbers of retirements could combine to leave the industry with a shortfall of more than 30,000 workers by 2030.

Premier Doug Ford says the budget will focus on economic recovery and fighting the pandemic.

The proposed work would lengthen one of the airport’s runways, allowing it to offer another runway to serve class AGN IIIB aircraft—and therefore reduce delays or flight cancellations.