In this edition:
- Bank of Canada’s July interest rate announcement to happen Wednesday
- Competition Bureau seeks feedback on Competition Act’s new greenwashing provisions
- Tentative agreement between LCBO and its striking OPSEU workers back on, stores slated to open Tuesday
- Ontario invests $260M in new funding to train workers
- Federal government to provide $1.2M to establish grocery code of conduct
- Governments expanding mental health supports for farm workers
- Brock ranked Canada’s top university for sport management research
- Focus on Equity, Diversity & Inclusion
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Photo credit: Bank of Canada
Bank of Canada’s July interest rate announcement to happen Wednesday
The Bank of Canada will make its next interest rate announcement Wednesday.
The BoC has eight scheduled dates per year on which it announces its decision on the target for the overnight rate, also called the policy interest rate.
The overnight rate is the starting point for setting many of the interest rates in the economy, the BoC says.
Photo credit: cristianstorto / Adobe Stock
Competition Bureau seeks feedback on Competition Act’s new greenwashing provisions
Today, the Competition Bureau is launching a public consultation to gather input from Canadians on specific questions related to the new greenwashing provisions of the Competition Act.
This consultation will inform the Bureau’s development of enforcement guidance about environmental claims, including related to the new provisions.
Photo credit: Iryna / Adobe Stock
Tentative agreement between LCBO and its striking OPSEU workers back on, stores slated to open Tuesday
A dispute that threatened a tentative agreement between the LCBO and its striking workers was resolved Saturday morning, and stores are once again set to open for business Tuesday, according to the LCBO.
The LCBO, in a Saturday morning news release, stated that the company and its unionized OPSEU workers have now “both signed off on a return-to-work protocol.”
Photo credit: David Piccini, M.P.P.
Ontario invests $260M in new funding to train workers
The Ontario government is investing up to an additional $260 million through the Skills Development Fund (SDF) Training Stream to tackle the province’s labour shortage and connect Ontario workers with high-paying jobs in their communities. This will be the largest round of funding since the SDF Training Stream was launched in 2021 and brings Ontario’s total investment through the Fund to up to $1.4 billion.
Photo credit: U.S. Department of Agriculture / Public Domain
Federal government to provide $1.2M to establish grocery code of conduct
Federal Agriculture Minister Lawrence MacAulay says the government, along with its provincial and territorial counterparts, will provide $1.2 million in one-time funding to support the creation of the office that will oversee the grocery code of conduct.
MacAulay made the announcement one day after news that all of Canada’s major grocers had agreed to sign on to the voluntary code.
Photo credit: Rob Flack M.P.P.
Governments expanding mental health supports for farm workers
The governments of Canada and Ontario are investing up to $538,000 through the Sustainable Canadian Agricultural Partnership (Sustainable CAP) to expand the Farmer Wellness Initiative to Ontario farm workers. Of that total, nearly $178,000 will be dedicated to supporting the delivery of services in Spanish.
Photo credit: Brock University
Brock ranked Canada’s top university for sport management research
Brock has ranked first in Canada for university sport management research contributions around the world for the second consecutive year.
The annual assessment by the University of North Texas’ Sports Innovation Project ranked Brock No. 1 in Canada and 10th worldwide out of the 67 universities included.
Did you know?
Focus on Equity, Diversity & Inclusion
DEI is a trillion dollar blind spot. Sephora gets it – you should too.
HR world in uproar over DEI after industry group drops ‘equity’
The world’s biggest human resources association dropped “equity” from its main diversity program, drawing anger from hundreds of talent managers online with comments such as “backwards,” “shameful” and “cowardly.”
The Society for Human Resources Management said it will be adopting the acronym “I&D” — or inclusion and diversity — and removing the “E” from its previous “IE&D” strategy.
“By emphasizing inclusion-first, we aim to address the current shortcoming of DE&I programs, which have led to societal backlash and increasing polarization,” it announced on LinkedIn. It said it remained committed to advancing equity under its “inclusion” strategy.
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.
