News of the day: Suncor oilsands mine, OAS clawbacks, GDP gains, housing construction, soft skills and more

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An aerial view in 2013 of Suncor's Base Plant oilsands upgrading facility. It will need a new supply of bitumen by the mid-2030s.An aerial view of Suncor Energy Inc.'s Base Plant oilsands upgrading facility in 2013. It will need a new supply of bitumen by the mid-2030s. Photo by Ryan Jackson/Postmedia files

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It’s Tuesday, March 31. Here are the top stories we’re following today.

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Suncor Energy Inc., one of Canada’s largest oil companies, is under pressure to resolve a challenge that’s been decades in the making. Its Base Plant in the oilsands — which traces back to the 1960s — will need a new supply of bitumen by the mid-2030s when the existing mine is widely expected to be depleted.

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OAS Recent commentary about reforming Old Age Security should be approached with caution, writes tax columnist Kim Moody. Photo by Getty Images

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Good tax policy should not be about building residency fences; it should be about giving people reasons to stay.

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shoppers Statistics Canada released gross domestic product numbers Tuesday. Photo by Postmedia

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Canada’s economy grew 0.1 per cent in January, slightly above expectations, as goods-producing industries expanded for the second month in a row, Statistics Canada said Tuesday.

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An Element5 mass timber apartment building under construction in Hamilton, Ontario, Canada, on Wednesday, July 17, 2024. Cutting development charges for new housing construction will get more projects off the ground, but it’s not the only thing required. Photo by Brett Gundlock/Bloomberg

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Developers in Ontario say a reduction in taxes and fees that could cut the cost of new homes by up to $200,000 has them ready to build. All that’s missing now are buyers.

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Michael Rousseau, former chief executive of Air Canada, speaks with attendees of the Montreal Chamber of Commerce in Montreal, Quebec, Canada, on Wednesday, Nov. 10, 2021. The storm around Michael Rousseau was not a tempest in a teapot but a case study on how a seemingly ‘soft’ requirement — language — can harden into a legal and governance issue overnight. Photo by Christinne Muschi/Bloomberg

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Beneath the noise lies a serious employment law question which Canadian employers ignore at their peril: when does language proficiency stop being a preference and become a legal obligation?

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