A new video released by the alliance warns of significant industry job losses and economic stagnation if the federal and provincial governments don’t commit more money to help municipalities balance their budgets.

The City of Toronto will use the money to build seven projects that will create as many as 540 affordable units for people experiencing homelessness. One-fifth of those units will be allocated to Indigenous communities; an additional 20 percent will be allocated to women and girls.

Non-residential investment was mostly unchanged in November, remaining at $4.4 billion. Investment in residential construction, meanwhile, edged down 0.1 percent.

The Canada Infrastructure Bank has lent its support to the development of a 250 megawatt/1,000 megawatt-hour energy storage facility near London—the largest project of its kind in the country. The bank will make an official investment decision this spring.

The Ontario government announced further financial support for municipalities—in the form of money from the Gas Tax fund—on January 14. The funding is to be used to support public transit systems.