Skip to Main content

9.35°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Feb 27, 2024 4:03 PM - The Canadian Press

Ottawa freezes merger notification threshold, funds housing innovation projects

Share On

ottawa-freezes-merger-notification-threshold-funds-housing-innovation-projects

It also announced $123 million of funding to eight homebuilders that the federal government says are driving innovation and will help build more than 5,000 affordable homes.(Photo: The Canadian Press)

The federal government is freezing the threshold at which the Competition Bureau must be notified of a merger.

It also announced $123 million of funding to eight homebuilders that the federal government says are driving innovation and will help build more than 5,000 affordable homes.

The announcements came this morning during Finance Minister Chrystia Freeland's weekly economic update alongside other ministers.

Competition law requires mergers that exceed a certain value to be flagged to the Competition Bureau in advance, so it can determine whether the deal could prevent or lessen competition.

Ottawa says the amount usually increases along with gross domestic product but instead, it will be kept frozen at $93 million, the threshold since 2021.

The funding for homebuilders is being allocated through the Affordable Housing Innovation Fund, a program that funds rent-to-own schemes and other innovative projects.

Latest news

quebec-anticorruption-unit-opens-criminal-probe-into-provincial-liberal-party

CanadaDec 10, 2025

Quebec anticorruption unit opens criminal probe into provincial Liberal Party

Quebec’s anticorruption police force has launched a criminal investigation into the provincial Liberal Party, adding to a period of internal turmoil for the long-standing political organization. A spokesperson for the force confirmed the probe today but declined to provide details, citing the active nature of the case. The confirmation follows disclosures last month that investigators were reviewing allegations of wrongdoing to determine whether a formal investigation was warranted. The decision to proceed suggests authorities found sufficient grounds to examine the matter further. The Liber

burnaby-rcmp-warns-residents-after-rise-in-distraction-style-jewelry-thefts

Burnaby RCMP warns residents after rise in distraction-style jewelry thefts

Burnaby RCMP is alerting residents to a series of distraction thefts reported across the city since mid November. Police say ten incidents have been confirmed since November 13, prompting a reminder for the public to remain cautious in busy public areas and parking lots. The detachment’s Community Response Team is leading the investigation and believes groups of offenders are targeting victims by first asking for directions or pretending to need medical help. Police say the suspects – often described as one man and two women – use conversation as a way to get close before attempting to r

recall-petition-launched-against-alberta-premier-danielle-smith-and-two-cabinet-ministers

AlbertaDec 10, 2025

Recall petition launched against Alberta Premier Danielle Smith and two cabinet ministers

Elections Alberta has approved recall petitions targeting Premier Danielle Smith and two members of her cabinet, marking the latest wave of challenges under the province’s recall legislation. The petitions, issued this week, add to a growing list of United Conservative Party MLAs facing organized campaigns in their constituencies. Heather VanSnick, the applicant behind the recall effort in Brooks–Medicine Hat, alleges the premier has not meaningfully engaged with residents or subject-matter experts when shaping provincial policy. She also argues that recent government decisions have contri

canada-prepares-to-name-new-u-s-envoy-as-next-phase-of-trade-talks-approaches

CanadaDec 10, 2025

Canada prepares to name new U.S. envoy as next phase of trade talks approaches

Prime Minister Mark Carney says Canada’s next ambassador to the United States will have time to get up to speed before North America’s trade relationship enters a new round of negotiations. Carney told reporters that federal consultations on the renewal of the Canada–U.S.–Mexico Agreement have wrapped up, while officials in Washington are only beginning their own review. He said the three-country assessment of the trade pact is expected to intensify in the new year, a process that could carry major implications for Western Canada’s transportation corridors, agriculture exports, and m

author-sophie-kinsella-known-for-global-shopaholic-series-dies-at-55

WorldDec 10, 2025

Author Sophie Kinsella, known for global ‘Shopaholic’ series, dies at 55

Sophie Kinsella, the British writer whose lighthearted “Shopaholic” novels gained an international readership, has died at the age of 55. Her family confirmed that she passed away this week after living with brain cancer, a diagnosis she made public in 2024. Kinsella, born Madeleine Wickham, became widely recognized for her comic writing style and her ability to connect with readers through stories about everyday pressures, financial missteps, and modern relationships. Beginning in 2000, her “Shopaholic” series grew into 10 bestselling titles that reached audiences across Europe and No

Related News

Quebec anticorruption unit opens criminal probe into provincial Liberal Party

Quebec anticorruption unit opens criminal probe into provincial Liberal Party

Quebec’s anticorruption police force has launched a criminal investigation into the provincial Liberal Party, adding to a period of internal turmoil for the long-standing political organization. A spokesperson for the force confirmed the probe today but declined to provide details, citing the active nature of the case. The confirmation follows disclosures last month that investigators were reviewing allegations of wrongdoing to determine whether a formal investigation was warranted. The decision to proceed suggests authorities found sufficient grounds to examine the matter further. The Liber

Canada prepares to name new U.S. envoy as next phase of trade talks approaches

Canada prepares to name new U.S. envoy as next phase of trade talks approaches

Prime Minister Mark Carney says Canada’s next ambassador to the United States will have time to get up to speed before North America’s trade relationship enters a new round of negotiations. Carney told reporters that federal consultations on the renewal of the Canada–U.S.–Mexico Agreement have wrapped up, while officials in Washington are only beginning their own review. He said the three-country assessment of the trade pact is expected to intensify in the new year, a process that could carry major implications for Western Canada’s transportation corridors, agriculture exports, and m

Bank of Canada holds key interest rate as officials monitor economic uncertainty

Bank of Canada holds key interest rate as officials monitor economic uncertainty

The Bank of Canada has left its benchmark interest rate unchanged at 2.25 per cent in its final policy decision of the year, signalling that borrowing costs remain at a level the central bank views as appropriate for maintaining price stability. Governor Tiff Macklem said major global economies continue to show signs of resilience, even as uncertainty persists and the United States maintains a protectionist approach to trade. He noted that the current policy rate is helping keep inflation near the bank’s two per cent target, suggesting no immediate need to raise or cut interest rates. Mackle

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital