In this edition:
- Canadian tourism spending continues to increase, still falls short of pre-pandemic levels
- Niagara’s rental housing rates in ‘disinflation’: expert
- Meridian launches fourth annual Small Business Big Impact Awards
- Who turned out the lights? NOTL power outages explained
- Niagara Region councillors clash over developer incentive programs
- University of Niagara Falls bridges student pathways with Niagara College
- LCBO provides new data on c-store beverage alcohol orders
- Candidate list certified for West Lincoln Ward 3 By-election
- Bank of Canada announces Reconciliation Action Plan
- Focus on Technology
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Photo credit: Maksym Yemelyanov / Adobe Stock
Canadian tourism spending continues to increase but still falls short of pre-pandemic levels
Tourism spending in Canada grew 0.7% in the second quarter, following a 1.4% increase in the first quarter as both international and domestic tourism spending increased. Tourism gross domestic product (GDP) (+0.8%) and jobs attributable to tourism (+0.3%) also rose in the second quarter.
However, tourism spending is still 6.4% below its level in the fourth quarter of 2019, before the COVID-19 pandemic.
Photo credit: Looker_Studio / Adobe Stock
Niagara’s rental housing rates in ‘disinflation’: expert
Rental housing rates in Niagara saw slow growth last month.
The average rent for a one-bedroom apartment in St. Catharines dropped 2.1 per cent in August from the July average, said the monthly report from property listing service Rentals.ca. Compared to the same month last year, the rate was up three per cent, close to the national average of 3.3 per cent.
The annual St. Catharines increase was almost $50 per month, at $1,677.
Image credit: Meridian Credit Union / YouTube screenshot
Meridian launches fourth annual Small Business Big Impact Awards
Meridian is proud to announce the launch of the Fourth Annual Small Business Big Impact Awards, an initiative designed to recognize and celebrate the outstanding contributions of small businesses that are making a significant impact in their communities and the environment.
Photo credit: Art_Photo / Adobe Stock
Niagara-on-the-Lake residents have experienced a large number of power outages this summer.
I wish I had a simple answer to explain why, but the reality is, there isn’t one. It’s complicated.
Photo credit: Brad Demers / Greater Niagara Chamber of Commerce
Niagara Regional Councillors clash over developer incentive programs
Photo credit: Niagara Falls University / supplied
University of Niagara Falls bridges student pathways with Niagara College
On Sept. 19, a Program Pathways Transfer Credit Articulation Agreement was officially signed by David Gray, Provost & Vice-President, Academic with UNF, and Fiona Allan, NC’s Vice President, Academic during a ceremony at UNF’s downtown Niagara Falls campus.
The agreement allows students from NC to easily transfer applicable credits into all five of UNF’s programs.
Photo credit: bodnarphoto / Adobe Stock
LCBO provides new data on c-store beverage alcohol orders
Click here to read more.
Photo credit: Pixel-Shot / Adobe Stock
Candidate list certified for West Lincoln Ward 3 By-election
The nomination period for West Lincoln’s Ward 3 by-election closed at 2 p.m. on September 20, and nominations have been certified by the Township Clerk.
The Township is holding two in-person advance polls, on October 25 and 26 at the West Lincoln Community Centre and Legion Villa 2 respectively. By-election day will be held in person on November 4 at the West Lincoln Community Centre.
Photo credit: JHVEPhoto / Adobe Stock
Bank of Canada announces Reconciliation Action Plan
The Bank of Canada today unveiled its first Reconciliation Action Plan.
The plan affirms the Bank’s commitment to reshaping its relationship with Indigenous Nations and Peoples, fostering an inclusive and equitable organizational culture, and championing thriving Indigenous economies.
Photo credit: Imaging L / Adobe Stock
Boeing makes final offer of 30% wage increase to striking workers
Boeing upped its wage proposal to thousands of striking workers on Monday, offering a 30% general wage increase over four years in what it called its “best and final” offer as the strike drags on.
The U.S. planemaker is also offering to reinstate a performance bonus, improve retirement and double a ratification bonus to $6,000, if the workers accept by Friday.
Did you know?
Focus on Technology
Why convenience stores need to start investing in EV charging infrastructure
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.
