News of the day: Alberta oilsands incentives, Carney investment summit, interest rates expected to hold, Ontario’s homebuyer rebates, WestJet strike vote and more

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Prime Minister Mark Carney and Alberta Premier Danielle Smith announced the submission of the West Coast Pipeline Project at TransAm Piping Products in Calgary on Thursday, July 2, 2026.Prime Minister Mark Carney and Alberta Premier Danielle Smith announced the submission of the West Coast Pipeline Project at TransAm Piping Products in Calgary on Thursday, July 2, 2026. Photo by Gavin Young/Postmedia

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It’s Monday, July 13. Here are the top stories we’re following today.

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The Alberta government says it will give “financial supports” to oilsands companies to encourage them to raise their production and fill a proposed pipeline that would carry a million barrels of oil per day to the Pacific Coast.

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Mark Carney Mark Carney, centre, applauds as Investors Pty Ltd. chair Cath Bowtell, left front, and Canada Pension Plan Investment Board senior managing Deborah K. Orida shake hands during a signing ceremony in Sydney, Australia. Photo by David Gray /Pool/Getty Images

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A multibillion-dollar global investment manager backed by some of Australia’s largest pension funds will be leading a delegation to the Canada Investment Summit this fall, aiming to pour as much as $10 billion into Canadian infrastructure over the next decade if conditions are right.

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Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa on June 10. Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa on June 10. Photo by HYUNGCHEOL PARK/Postmedia

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Economists say the Bank of Canada will likely hold its overnight rate at 2.25 per cent on Wednesday because the economy continues to face elevated uncertainty from the conflict in the Middle East and United States tariffs.

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A condo tower under construction reflected in water on Wellesley Street West in Toronto, Ont. A condo tower under construction reflected in water on Wellesley Street West in Toronto, Ont. Photo by Peter J Thompson/National Post files

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A steady stream of buyers has been showing up for pre-construction stacked townhomes. Condominiums, however, continue to lag.

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Interior of a Westjet plane. WestJet Airlines Ltd. is a Canadian low-cost carrier that provides scheduled and charter air service to 100 destinations in Canada. WestJet Airlines cabin crew are currently paid using a credit-hour system, which is the standard compensation model used by many North American airlines. Photo by Roberto Machado Noa/LightRocket via Getty Images

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WestJet Airlines flight attendants will decide on Wednesday whether they authorize a possible strike action that could start as early as Aug. 2.

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