Feds, province announce $40M road investment in Thompson - Winnipeg Sun | Canada News Media
Connect with us

Investment

Feds, province announce $40M road investment in Thompson – Winnipeg Sun

Published

3 years ago

 on


The federal government and the province have announced a major roadwork investment in Thompson, Manitoba’s northernmost city.

As part of the Investing in Canada Infrastructure Program – Rural and Northern Infrastructure Stream, $40 million will be spent over the next five years. The funds include $20 million from the federal government, $13.3 million from the province and $6.7 million from the City of Thompson. Twenty kilometres of road will be refurbished over the next five years.

“This is totally unusual,” Thompson Mayor Colleen Smook told the Winnipeg Sun on Thursday. “It means governments are starting to take us seriously. They used to think of us as a small mining town that was going to die out. They’ve realized we are the hub of the North and we aren’t going anywhere. They have to step up and make us viable. This is absolutely fantastic.”

Smook said her community has specific challenges – adverse weather and frost heaves – when it comes to road maintenance. Simply repaving and refinishing roads in Thompson provides only a short-term fix.

“People just say you take off the surface and resurface it,” she said. “A lot of the time the damage is down into the base. You can’t just take off the top and repave it. That doesn’t work up here. So this is doing the roads properly again, getting some of the streets done that haven’t been worked on for 40 or 50 years.”

Smook said the project affects the entire North.

“Being the hub for the outlying communities, it’s going to do some of our main drags. It’s going to be noticed,” she said. “It’s also going to make it more attractive with businesses attracting people. You come in and we have decent roads to drive on. When we did a survey, that was one of the concerns – our infrastructure was in such rough shape.”

jsnell@postmedia.com

Twitter @JamesWestgateSn

Click here to sign up for our daily newsletter.

Adblock test (Why?)



Source link

Related Topics:
Continue Reading

Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

2 days ago

 on

October 16, 2024

By

 

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

7 days ago

 on

October 11, 2024

By

 

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

Published

1 week ago

 on

October 10, 2024

By

 

TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version