Suffield gets big bucks for roads

Councillors agreed to fund additional road paving in the hamlet of Suffield to the tune of $1.3 million. The majority of this cost will be paid for out of the existing MSI grant funding for the hamlet’s water and sewer lines upgrades, which came in about $900,000 under budget. Councillors voted unanimously to transfer the additional funds on top of this surplus from the county’s Accelerated Rehabilitation (reserve) Fund. Since crews were paving in Suffield anyway where the new lines went in, the additional streets were offered at a lower rate by the contractor.

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DAVID ROSENBERG: A number of warnings signs are bubbling up in the US economy

So now we have the Atlanta Fed slicing its Q2 real GDP growth estimate down to a 2.4% annual rate. Macroeconomic Advisers, usually quite a bulled-up bunch, is down to 2.3%. The New York Fed is at 1.9% for Q2 and 1.8% for Q3. It should probably be mentioned that ten weeks ago, the Atlanta Fed was sitting pretty at a 4.1% Q2 growth forecast.

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Canadian real estate investment reaches all-time high in U.S.: Report

Canadians looking for more affordable homes are increasingly looking south of the border for real estate investment, according to a new report. Foreign investment in U.S. real estate surged 49 per cent year-over-year for the 12-month period ending March 2017, according to new data released by the U.S.-based National Association of Realtors. Total foreign investment in U.S. residential property reached a new record high of US$153 billion, up US$51.4 billion from the previous 12-month period.

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