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Waterloo Chronicle | Thursday, November 17,2022 | 14 waterloochronicle.ca THE CITY OF Waterloo NOTICE OF STUDY COMMENCEMENT AND PUBLIC INFORMATION CENTRE DENHOLM POND MUNICIPAL CLASS ENVIRONMENTAL ASSESSMENT The City of Waterloo (City) has initiated a Municipal Class Environmental Assessment (MCEA) for Denholm Pond, a small body of water contained within a private property on Denholm Street, Waterloo (see map provided below). Local residents have expressed concerns about the Denholm Pond, including odours, ongoing flooding, and erosion conditions along the channel and pond banks. The City is undertaking this Schedule B MCEA to address these concerns and identify a long-term solution for Denholm Pond. PUBLIC INFORMATION CENTRE In order to provide further information on the Class EA process, background information on the assignment, and to receive input from interested persons, the City will be holding a Public Information Centre at RIM Park at: Date: November 21, 2022 Time: 5 p.m. to 7 p.m. Location: RIM Park — Room 104 2001 University Avenue East Waterloo, ON N2K 4K4 EGTOWA! ra MUNICIPALITY OP MARER choo casterioce so” ee oa Public and agency consultation is a key component of the Class EA process. All those with an interest in the project are encouraged to attend the public information centre to provide input into the study. We welcome your comments and feedback regarding the planned project. If you have any questions, would like additional information about this project, or to be added to the project mailing list, please do not hesitate to contact the undersigned. Jessica Kellerman, P. Eng. Manager, Stormwater Operations & Construction City of Waterloo Phone: (519) 886-2310 Ext. 30282 Email: jessica ca Jon Pounder, Bsc. Env Environmental Planner Stantec Consulting Ltd. Phone: (519) 546-8528 Email: jon.pounder@stantec.com All personal inf included ina —such as name, address, telephone number and property location — is collected, maintained and disclosed by the Ministry of the Environment, Conservation and Parks (MECP) for the purpose of transparency and consultation. The information is collected under the authority of the Environmental Assessment Act or is collected and maintained for the purpose of creating a record that is available to the general public as described in s. 37 of the Freedom of Information and Protection of Privacy Act. Personal information you submit will become part of a public record that is available to the general public unless you request that your personal information remain confidential. For more information, please contact the MECP Freedom of Information and Privacy Coordinator at foi.mecp@ontario.ca P. 519-886-1550 TTY. 1-866-786-3941 waterloo.ca OPINION THE CHALLENGES OF ANOTHER INTEREST RATE HIKE PETER WATSON Column Many households will feel the pain of the most recent interest rate hike. And the cu- The Bank of Canada's most recent in- crease is one half of one per cent. That in- crease was a combination of good news and. bad. ide, most had predicted a high increase of three quarters of one per cent. The bad news is this is the sixth time this year the BOC has raised interest rat Consider the impact on households. ‘The trend to manage s| is based on an apiuty to pay the cost of financing. Gone are the days that most people would save first then purchase an item. Now for the reality of 2022 — six interest rate hikes with another anticipated in De- cember, plus the amount of rate hikes is higher than would be expected. If the BOC's hard policy on raising i inter- est could slip into recession. Business activity would decline, workers might have their hours of employment re- duced or suddenly find themselves unem- ployed. Your income could decline or disap- pear while borrowing costs rise. These are challenging times. We hope you can successfully navigate them. Peter Watson is registered with Aligned Capital Partners Inc. (ACPI) to provide investment advice. Investment products are provided by ACPI. ACPI is a member of the Investment Industry Regulatory Organiza- tion of Canada. The opinions expressed are those of the author and not necessarily those of ACPI. Only investment-related products and services are offered through Watson Securities of ACPI. Watson provides wealth management services through Watson In- vestments. He can be reached at www.wat- soninvestments.com.