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Media Releases

September 26, 2019


Bond rating meetings provide opportunity to emphasize commitment to fiscal discipline

Released: 9:34 a.m.

Winnipeg, MB – Meetings with international bond rating agencies Standard and Poor’s and Moody’s next week in New York will provide the City of Winnipeg with an opportunity to underscore an ongoing commitment to fiscal discipline Mayor Brian Bowman and Councillor Scott Gillingham (St. James), Chair of the Standing Policy Committee on Finance announced today.

Mayor Bowman and Councillor Gillingham will be in New York from September 29 until October 4. Joining them on the trip will be Michael Ruta, Interim Chief Administrative Officer.

“These annual meetings with international bond rating agencies are important,” said Mayor Brian Bowman. “They are an opportunity to emphasize our commitment to fiscal discipline and balance. It’s also an opportunity to highlight the strengths of our city’s diversified economy as well as steady and strong population growth forecasted over the next several years.”

At the end of July, Moody’s Investor Service affirmed their Aa2 credit rating for the City of Winnipeg.

In their credit opinion, Moody’s singled out the City of Winnipeg’s strong governance and management structure, its disciplined approach to fiscal planning, as well as the City’s ability to post operating surpluses despite funding pressures as key credit strengths for the City. Moody’s also highlighted the affordability of City of Winnipeg debt even as debt levels are expected to increase to support infrastructure renewal and investment.

“These meetings are opportunities to emphasize our ongoing commitment to prudent and responsible budgeting,” said Councillor Scott Gillingham. “This year, as well, we are moving forward with preparing the City of Winnipeg’s first multiyear budget which will further underscore our commitment to fiscal discipline by demonstrating our resolve to balance our budget over multiple years rather than just a single year.”

Winnipeg’s population over the next 25 years is estimated to grow, on average, by 8,200 people per year. This steady and strong population growth is forecasted to keep Winnipeg on track toward a population of one million people, driven primarily by immigration.

Winnipeg is forecasted to maintain strong real GDP growth. Over the last twenty years, Winnipeg’s real GDP expanded by 2.3 per cent per year on average. In 2018, Winnipeg posted the second strongest real GDP growth at 3.7 per cent out of the 13 largest Canadian cities, second only to Montréal. The Conference Board of Canada forecasts that Winnipeg’s real GDP will continue to grow at an average of 1.9 per cent over the next five years.

Existing credit ratings for the City of Winnipeg from Standard and Poor’s and Moody’s are AA and Aa2 respectively.

Northbound King Street closed this weekend for Nuit Blanche

Motorists should use alternate routes and allow additional travel time

Released: 12:55 p.m.

Winnipeg, MB – Northbound King Street between Bannatyne Avenue and William Avenue will be closed to vehicular traffic from Saturday, September 28 at 4 p.m. until Sunday, September 29 at 2 a.m., for Nuit Blanche. Pedestrian access will be maintained, and area businesses will not be affected by the closure.

For Transit re-route information, follow @transitalerts or contact 311.

For regular updates on City of Winnipeg lane closures and to view lane closures on an interactive map, please visit City of Winnipeg - Regional Lane Closures.

Download and use the Waze app for real-time traffic and incident updates.

Downtown lane closures this weekend for road construction

Released: 1:00 p.m.

Winnipeg, MB – Southbound Memorial Boulevard, from Portage Avenue to York Avenue, and westbound St. Mary Avenue, from Vaughan Street to Memorial Boulevard, will be temporarily closed this weekend starting at 7 a.m. Saturday, September 28 until 7 p.m. Sunday, September 29 for road reconstruction.

Motorists should allow additional travel time to get to their destinations and use alternate routes.

For Transit re-route information, follow @transitalerts or contact 311.

For regular updates on City of Winnipeg lane closures and to view lane closures on an interactive map, please visit City of Winnipeg - Regional Lane Closures.

Download and use the Waze app for real-time traffic and incident updates.

City of Winnipeg launches Community Safety and Crime Prevention Program

Released: 4:05 p.m.

Winnipeg, MB – Today, City Council approved the Community Safety and Crime Prevention Program. The program will provide funding to community groups to strengthen local crime prevention and community safety efforts by promoting the exchange of information between residents, and helping build closer relationships between communities and the Winnipeg Police Service.

“A hybrid approach to community safety and crime prevention is needed to build a more inclusive and safer city for families,” said Mayor Brian Bowman. “Preventing crime makes a community safer, and it also helps complement the resources provided to the Winnipeg Police Service. Not all areas of Winnipeg face the same safety and crime prevention challenges, and this Community Safety and Crime Prevention Program will provide community groups access to resources to help them address safety issues they feel are priorities for their neighbourhoods.”

Through the 2019 Budget process, Council approved a transfer of $100,000 annually for four years, from the Civic Initiatives, Promotional and Protocol grant program, to support this crime prevention initiative.

2019 fund applications will be approved to a maximum of $5,000 per application, with preference given to applications that focus on preventing illicit drug activity.

The program’s 2019 application intake period runs from October 1 to October 31, 2019. It’s anticipated that the funds will be awarded by November 30, 2019, and successful applicants will be required to expend the awarded program funds by November 30, 2020.

For more information on the program and application process, visit winnipeg.ca/communitysafetyfund.

Update: Downtown lane closures this weekend for road construction

Released: 5:12 p.m.

Winnipeg, MB – Three streets at the heart of Downtown will be affected by construction closures this weekend, from 7 a.m. Saturday, September 28 through 7 p.m. Sunday, September 29 for road construction.

  • Southbound Memorial Boulevard will be reduced to one lane from Portage Avenue to St. Mary Avenue, and will be closed completely between St. Mary and York avenues. Traffic will still be able to move southbound by transitioning onto Osborne Street.
  • Westbound St. Mary Avenue from Vaughan Street to Memorial Boulevard will be completely closed to traffic.
  • Northbound Osborne Street will be reduced to one lane from York Avenue to St. Mary Avenue throughout the majority of the weekend, and will be completely closed for approximately 2-4 hours on Sunday. Northbound traffic will be rerouted down York Avenue.

Throughout the closure, eastbound Broadway will remain accessible via left turn from southbound Osborne Street; eastbound York Avenue (east of Memorial Boulevard) will remain accessible via northbound Memorial Boulevard.

For Transit re-route information, follow @transitalerts or contact 311.

For regular updates on City of Winnipeg lane closures and to view lane closures on an interactive map, please visit City of Winnipeg - Regional Lane Closures.

Download and use the Waze app for real-time traffic and incident updates.

September 27, 2019