News of the day: Clean-tech tax credit’s slow rollout, stronger bull-market case, rent gobbles up earnings, severance windfall, Teachers’ return and more

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Row of wind turbines on wind farm in Row of wind turbines on wind farm, autumn - stock photo Crowsnest Pass area, Alberta.The longer it takes for clean energy developers to receive a tax refund, the longer they must carry interest on loans used to finance renewable projects, raising the costs of further construction. Photo by Walter Bibikow/Getty Images

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It’s Monday, August 10. Here are the top stories we’re following today.

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A key federal program designed to reduce carbon emissions and spur investment in clean electricity has been beset by delays, with only a fraction of applications processed, government figures show.

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The Wall Street Bull in the Financial District, home to the New York Stock Exchange, in Manhattan, New York City. The Wall Street Bull in the Financial District, home to the New York Stock Exchange, in Manhattan, New York City. Photo by Spencer Platt/Getty Images files

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Two policy decisions may have ended the liquidity squeeze that had weighed on equities, bonds and precious metals, writes Martin Pelletier.

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Rents in Canada are so high that minimum-wage workers have to allocate much of their monthly income to cover the cost of a one-bedroom apartment. Rents in Canada are so high that minimum-wage workers have to allocate much of their monthly income to cover the cost of a one-bedroom apartment. Photo by POSTMEDIA NEWS ARCHIVES

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Rents in Canada are so high that minimum-wage earners have to allocate much of their full-time work hours to cover the cost of a one-bedroom apartment, thereby jeopardizing their push for financial independence, according a new report by Zoocasa Realty Inc.

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layoff Losing your job can seem catastrophic, but a severance package can cushion the financial blow. Photo by Financial Post

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A layoff hurts, so make sure you don’t let a big tax hit from a payout package make it more painful, writes Garry Marr.

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A SpaceX Falcon 9 rocket is displayed at a SpaceX facility in Hawthorne, California. A SpaceX Falcon 9 rocket is displayed at a SpaceX facility in Hawthorne, California. Photo by Justin Sullivan/Getty Images files

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The Ontario Teachers’ Pension Plan Board reported a net return of 9.5 per cent for the first half of 2026, partly thanks to its seven-year stake in spaceflight and artificial intelligence company SpaceX.

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