News of the day: Housing projects piling up, stop taxing the rich, loonie rebounding, housing market gains, quantum drug discovery and more

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Housing constructionConstruction pushes ahead at a housing development in Milton, Ont., but elsewhere across the country developers are hitting roadblocks in the form of out-date-and inadequate infrastructure. Photo by Peter Power/Postmedia News files

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It’s Tuesday, July 14. Here are the top stories we’re following today.

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Construction executives, municipal engineers and developers say aging water and wastewater systems are emerging as one of the country’s biggest constraints on housing construction, leaving approved projects to possibly sit idle for years while improvements are made.

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Prime Minister Mark Carney speaks with vendors and exhibitors during a visit to the Calgary Stampede on July 12. Prime Minister Mark Carney speaks with vendors and exhibitors during a visit to the Calgary Stampede on July 12. Photo by Brent Calver/Postmedia files

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Many people assume wealthy Canadians don’t pay their fair share of taxes, but the data doesn’t support that shallow narrative, writes Kim Moody.

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The Canadian dollar and United States of America dollar, Wednesday March 5, 2025. The increasing possibility that the interest rate differential between Canada and the United States could tighten or at least not widen is helping the Canadian dollar. Photo by Peter J. Thompson/Postmedia

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The Canadian dollar rose 0.6 per cent on Tuesday to take it above 71 cents U.S. for the first time in a month as the greenback slumped on cooler-than-expected inflation in the United States.

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A house for sale on Beach Boulevard in Hamilton, Ont. A house for sale on Beach Boulevard in Hamilton, Ont. Photo by Peter Power/Postmedia files

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Canada’s housing market gained momentum in the second quarter of the year, with activity picking up in May and June, according to Royal LePage’s latest housing survey.

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From left, High Q Technologies’ applications manager Austin Gamble‑Jarvi, managing director Don Carkner and director of product marketing Rudra Maharajh conduct system checks on a Fathom pulsed electron paramagnetic resonance installation in the United Kingdom. From left, High Q Technologies’ applications manager Austin Gamble‑Jarvi, managing director Don Carkner and director of product marketing Rudra Maharajh conduct system checks on a Fathom pulsed electron paramagnetic resonance installation in the United Kingdom. Photo by Handout/Glen Gregory/High Q Technologies

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Founded by biomedical researchers and drug developers at the University of Waterloo in 2013, High Q Technologies is developing a quantum sensor called the electron paramagnetic resonance spectrometer to map moving protein structures with extreme precision.

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