Money123: Water under the Gordie Howe Bridge?

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Bridge over troubled water

U.S. President Donald Trump threatened to block the opening of the new Gordie Howe International Bridge between Michigan and Ontario, and said in a social media post it could stay blocked until the United States is "compensated for everything we have given" Canada.

Once open, the bridge will serve as a new crossing within the busy Ontario-Michigan trade corridor and aims to ease traffic on the nearby Ambassador Bridge.

The Canadian government says it is funding the entire project, which will be publicly owned by both Canada and Michigan.

As of publication, there have been no further threats or details on the U.S. administration’s plans regarding the bridge. But if the past year has made one thing clear, it’s that Trump’s unpredictable nature when it comes to foreign relations means Canada can’t take anything lightly.

Read more about why Trump wants to block the bridge.

Electric vehicle rebates are days away

Canadians will be able to apply for a consumer rebate off the purchase or lease of a new electric or plug-in hybrid electric vehicle starting Feb. 16.

Ottawa made the announcement earlier this week, and it comes after Prime Minister Mark Carney last week announced Ottawa’s new five-point plan to “transform” the Canadian automotive industry, with one of those “pillars” being consumer incentives.

Qualifying purchases could mean up to $5,000 off the cost of a new vehicle, depending on the type and brand.

Those rebates will also be available at the point-of-sale, including through the dealership directly, to make the process easier for consumers. Ottawa also plans to spend millions to add 8,000 new charging stations across Canada.

Read more about what vehicles qualify and how much consumers can get.

Housing market outlook 2026

The housing market is expected to stay somewhat “subdued” this year, according to the Canada Mortgage and Housing Corporation, or CMHC.

That’s because the Canadian economy is going through a weaker period than previous years as a result of trade tensions with the U.S. and tariff policies. Much of the long-term outlook depends on the outcome of trade negotiations, but until there’s some clarity on what the future holds, home buyers and sellers are mostly on hold.

The CMHC says because of the trickle down effects of the trade war on the job market, many would-be buyers are going to wait on the sidelines to buy a home because paying down a mortgage can be challenging if a home owner’s job security isn’t reliable.

A housing recession is also a possibility, the CMHC says, if the situation gets any worse.

Read more about how the housing market looks for 2026, according to the CMHC.

Contact ariel.rabinovitch@globalnews.ca

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