In this edition:
- Queen’s Park supports OPG plan to refurbish Pickering nuclear station
- Niagara Region asks province to update act governing states of emergency
- PwC survey reveals Canadian CEOs pessimistic about economy
- Over 60% of Canadians feel manipulated by tipping options on payment terminals
- Focus on Finance & Economy
Queen’s Park supports OPG plan to refurbish Pickering nuclear station
The Ontario government is supporting Ontario Power Generation’s (OPG) plan to proceed with the next steps toward refurbishing Pickering Nuclear Generating Station’s “B” units (units 5-8). Once refurbished, Pickering would produce a total of 2,000 megawatts (MW) of electricity, equivalent to powering two million homes, helping to meet increasing demand from electrification and fuelling the province’s economic growth.
Niagara Region asks province to update act governing states of emergency
Niagara Region is joining with the Town of Lincoln in asking the province to take another look at its Emergency Management and Civil Protection Act as municipalities across the province encounter a range of complex situations not adequately envisioned when the act was drafted.
In making the motion, Lincoln regional Coun. Rob Foster said the regulation establishing the framework for managing emergencies and civil protection in Ontario has remained largely unchanged for nearly 20 years despite new threats to community safety, such as pandemics, cybercrime and climate change.
PwC survey reveals Canadian CEOs pessimistic about economy
Canadian CEOs are significantly more pessimistic than their global counterparts, according to PwC’s 27th Annual Global CEO Survey. 55% of Canadian CEOs expect domestic economic growth will decline this year, still relatively pessimistic when compared to 37% of global CEOs who expect economic growth in their country to decline.
The survey, which interviewed 4,702 CEOs across 105 countries and territories including 114 in Canada, explored the growing need for CEOs to reinvent their organizations and the results reveal opportunities to accelerate the pace of reinvention, leverage generative AI, and overcome barriers to change.
Today, Hardbacon, a personal finance application, unveils a new survey on the tipping habits of Canadians. The survey particularly reveals Canadians’ frustrations with tipflation and the average amounts given in various establishments.
According to the survey, 65% of Canadians left a tip solely because the payment terminal offered this option. Many Canadians have thus started tipping in establishments without table service when they pay by credit or debit card, whereas they do not tip when paying in cash.
Did you know?
Focus on Finance & Economy
Is economic growth good for our health?
Is economic growth good for us? Put another way, we know that growing the economy is good for business and for creating jobs. But does it help everyone in society? One way to answer this question is to explore what it does for population health.
Our health is one of the most important aspects of our lives, considering how it affects our everyday comfort and ability to survive. Given how wealth contributes to health on the personal, individual level, the case for economic growth might seem intuitive.
However the picture gets murkier when looking at income per capita, where people both rich and poor depend upon a fluctuating economy.
Through the Daily Updates, the GNCC aims to deliver important business news in a timely manner. We disseminate all news and information we feel will be important to businesses. Inclusion in the Daily Update is not an endorsement by the GNCC.
