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From the comments on the question, it's actually for a joke/complaint about the cost of that very logo: http://pvp.comeze.com/brandgenerator/ (type in Halifax and it shows a message about the cost).

It would be pretty funny if the libraries made to help out this joke end up being used for official uses of the logo, but at present the logo's only rendered inside an image at the official branding site, http://halifaxdefined.ca/#new-logo

I guess we can just wait until they have a website and see if the logo is using this method.

It looks very similar, but what bugs me is that the author says that the text is going to be dynamically generated, which wouldn't fit the "logo" theory.