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

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

Housing projects are piling up across Canada as the pipes underneath can’t keep up

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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The rich pay their fair share of taxes so Carney needs to look elsewhere to raise money

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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Canadian dollar adds to nascent rebound as Fed rate hike bets shrink

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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Canada’s housing market gains momentum in second quarter, says Royal LePage

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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Ontario startup High Q aims to speed up drug discovery for diseases such as Alzheimer’s through quantum sensors

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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