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Economy

Twinning of Highway 3 moving ahead, benefitting local economy

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The Alberta government has announced it will be going ahead with twinning Highway 3.

The Highway 3 Twinning Development Association has been advocating for the twinning of the major southern Alberta route for the last 20 years and now shovels are slated to hit the ground on another section of road in the spring.

“Today’s announcement was, really, a clearer announcement of what the government wants to do and to ensure the whole project from Medicine Hat to the Crowsnest Pass is fully done,” said Bill Chapman, president of the Highway 3 Twinning Development Association.

Highway 3 connects the Crowsnest Pass to Medicine Hat and is 324 kilometres long, but only about 100 kilometers is twinned – from Fort Macleod to Taber.

On Friday, the province said a 46-kilometre stretch between Taber and Burdett has funding and construction is expected to start in the spring.

“There’s lots of functional planning studies to go, there’s a lot of land that needs to be bought and we need to make sure that everyone in the area, whether if it’s Bow Island or the Piikani Nation that their involved in the planning process,” said Devin Dreeshen, Alberta’s minister of transportation and economic corridors.

The project will include eight phases of construction. Chapman says Highway 3 has outgrown the volume of traffic and now was the right time to move forward with the project.

“Twenty-four kilometres of passing lanes was certainly okay back in the 90s and of course in the 2000s, but we’ve advanced past that,” he said.

The twinning of the 215 kilometres won’t just improve safety along the highway, but will also impact the local economy, according to Trevor Lewington with Economic Development Lethbridge.

“Anytime you can speed up access to markets, anytime you can make logistics simpler, especially in this day and age, that’s a huge benefit to local business,” Lewington said.

The same message was echoed by Alberta’s premier.

“If we can create the transportation infrastructure for this entire region to grow then that’s the job we got to do,” said Danielle Smith.

Lewington says the project will not only create construction jobs in the region, but, according to an economic report done by the Highway 3 Twinning Development Association, it will bring in additional revenue to smaller towns along the highway.

“They expect hundreds of millions of dollars of impacts to communities along the highway, so I think that’s pretty exciting, the sooner we can get this project in the ground and going, the sooner we’ll start to realize the savings and some of that productivity,” Lewington added.

Funding for the project was initially announced in 2020 but was pulled back because of the pandemic. There is no price tag on the project, which is slated to take 10 years to complete.

The UCP will look at financing options for those projects in the next budget.

The eight phases of this project include:

  • Phase 1: 46 kilometres – A request for proposals has been issued to the shortlisted design build proponents to twin Highway 3 between Taber and Burdett. Construction is expected to start in 2023;
  • Phase 2: 10 kilometres – Highway 3X/Coleman Bypass. Functional planning studies have been completed and detailed engineering design will begin in spring 2023;
  • Phase 3: 15 kilometres – East of Seven Persons to Medicine Hat. Functional planning studies have been completed and detailed engineering design will begin in spring 2023;
  • Phase 4: 47 kilometres – Blairmore to east of Highway 6 at Pincher Creek. Functional planning studies have been completed and detailed engineering design will begin in 2023;
  • Phase 5: 28 kilometres – East of Bow Island to east of Seven Persons. Functional planning studies have been completed and detailed engineering design will begin in summer 2023;
  • Phase 6: 23 kilometres – East of Burdett to east of Bow Island. A functional planning study has been completed and the province will continue to consult with the Town of Bow Island and other stakeholders in order to finalize the alignment;
  • Phase 7: 38 kilometres – Pincher Creek to west of Fort Macleod. A functional planning study through Piikani Nation is underway and will continue for some time; and
  • Phase 8: Eight kilometres – Alberta-B.C. border to Highway 3X. Continued engagement with B.C. is necessary to consider alignment with improvements being planned through the B.C. portion.

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Economy

PBO projects deficit exceeded Liberals’ $40B pledge, economy to rebound in 2025

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OTTAWA – The parliamentary budget officer says the federal government likely failed to keep its deficit below its promised $40 billion cap in the last fiscal year.

However the PBO also projects in its latest economic and fiscal outlook today that weak economic growth this year will begin to rebound in 2025.

The budget watchdog estimates in its report that the federal government posted a $46.8 billion deficit for the 2023-24 fiscal year.

Finance Minister Chrystia Freeland pledged a year ago to keep the deficit capped at $40 billion and in her spring budget said the deficit for 2023-24 stayed in line with that promise.

The final tally of the last year’s deficit will be confirmed when the government publishes its annual public accounts report this fall.

The PBO says economic growth will remain tepid this year but will rebound in 2025 as the Bank of Canada’s interest rate cuts stimulate spending and business investment.

This report by The Canadian Press was first published Oct. 17, 2024.

The Canadian Press. All rights reserved.

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Economy

Statistics Canada says levels of food insecurity rose in 2022

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OTTAWA – Statistics Canada says the level of food insecurity increased in 2022 as inflation hit peak levels.

In a report using data from the Canadian community health survey, the agency says 15.6 per cent of households experienced some level of food insecurity in 2022 after being relatively stable from 2017 to 2021.

The reading was up from 9.6 per cent in 2017 and 11.6 per cent in 2018.

Statistics Canada says the prevalence of household food insecurity was slightly lower and stable during the pandemic years as it fell to 8.5 per cent in the fall of 2020 and 9.1 per cent in 2021.

In addition to an increase in the prevalence of food insecurity in 2022, the agency says there was an increase in the severity as more households reported moderate or severe food insecurity.

It also noted an increase in the number of Canadians living in moderately or severely food insecure households was also seen in the Canadian income survey data collected in the first half of 2023.

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

The Canadian Press. All rights reserved.

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Economy

Statistics Canada says manufacturing sales fell 1.3% to $69.4B in August

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OTTAWA – Statistics Canada says manufacturing sales in August fell to their lowest level since January 2022 as sales in the primary metal and petroleum and coal product subsectors fell.

The agency says manufacturing sales fell 1.3 per cent to $69.4 billion in August, after rising 1.1 per cent in July.

The drop came as sales in the primary metal subsector dropped 6.4 per cent to $5.3 billion in August, on lower prices and lower volumes.

Sales in the petroleum and coal product subsector fell 3.7 per cent to $7.8 billion in August on lower prices.

Meanwhile, sales of aerospace products and parts rose 7.3 per cent to $2.7 billion in August and wood product sales increased 3.8 per cent to $3.1 billion.

Overall manufacturing sales in constant dollars fell 0.8 per cent in August.

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

The Canadian Press. All rights reserved.

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