Here is your Morning News Rundown for Friday, August 23:

Alberta Offers Buyouts to Floodway Homeowners, Even if Property Undamaged – Calgary Herald

Magline Transit Would Create 45 Minute Commute From Calgary to Edmonton – Huffington Post

How ‘Affordable Housing’ Became an Oxymoron – Globe and Mail

Mortgages Expected to Once Again Backstop Bigger Bank Profits – Financial Post