Under agreement, Vantage's current owner, Golden Gate Capital, will keep a significant minority stake in the company.

The drop of 2 percent is the fourth in a row since values reached $19.7 billion in April. The housing sector in particular has shed more than 14 percent of its value since the spring.

The auto giant’s 562,000-square foot distribution centre is the second now under construction in Ontario. Ford aims to use both to speed up deliveries to dealers across the province.

The project calls for the widening of nearly 1 kilometres of the highway between Essex and Leamington. The project RFP will be issued later this fall.

The province has agreed to sell an unused parcel of land in city’s downtown to a private developer on the condition that its build a long-term care home facility on the site.