In this edition:
- Ontario Shipyards announces new preferred suppliers for Team Vigilance
- Budget ‘reckoning’ coming for Niagara Falls council: CAO
- Proposed plaza: Grocery store may anchor Welland development
- Walmart Canada to increase wages for frontline workers
- Canada’s population continues its strong growth despite signs of slowdown
- PayPal to let business accounts buy, hold and sell cryptocurrency
- CRA invites taxpayers to share ideas for service improvements
- Ontario exploring feasibility of new Highway 401 tunnel expressway
- U.S. Justice Department sues Visa for monopolizing debit markets
- GNCC webinar offers tips on protecting your business from phishing and email scams
- Focus on Climate
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Photo credit: CNW Group/Ontario Shipyards Inc.
Ontario Shipyards announces new preferred suppliers for Team Vigilance
Port Weller-based Ontario Shipyards has announced that FBT Inc., Guest Plumbing and HVAC, Scott’s Marine Interiors, Pinnacle Logistics Solutions Ltd., and The Coating Inspector have been named preferred suppliers to Team Vigilance.
Vard Marine Inc. (VARD), a Fincantieri company, launched VIGILANCE as their solution to replace the Royal Canadian Navy’s (RCN) Kingston Class Maritime Coastal Defence Vessels (MCDV) under Pillar Two of Canada’s National Shipbuilding Strategy (NSS).
Photo credit: AP Studio / Greater Niagara Chamber of Commerce
Budget ‘reckoning’ coming for Niagara Falls council: CAO
A “reckoning” is on the horizon when it comes to providing the level of municipal service residents expect and the ability for taxpayers to pay, said City of Niagara Falls chief administrative officer Jason Burgess.
“We need to look at major restructurings to become sustainable long term, because I don’t think the current structure is going to allow for tax increases that are around what household incomes are going up,” he said.
Photo credit: Plaza Retail REIT
Proposed plaza: Grocery store may anchor Welland development
There haven’t been any strikes, spares or misses at the northeast corner of Niagara Street and Quaker Road since Welland’s last bowling alley closed and the leased building that housed it was demolished.
Nor are plans for a five- and/or 10-pin facility included in a proposal to develop the property, at least for the near term.
Instead, the owner of the nine-acre property, Plaza Retail REIT (Real Estate Investment Trust), envisions a plaza that will have four buildings of varying sizes as well as six residential units, three of them in one building.
Photo credit: CNW Group/Wal-Mart Canada Corp.
Walmart Canada says it’s investing $92 million in a wage investment for its frontline workers.
The pay increases will be what it says are eligible supply chain hourly and frontline management and retail hourly employees.
Earlier this year, Walmart Canada announced a $53 million wage investment in higher wages for store associates.
Photo credit: Evgenia Parajanian / Adobe Stock
Canada’s population continues its strong growth despite signs of slowdown
The population growth rate continues to grow at a decent pace despite showing signs of a slowdown in the latest quarter, according to Statistics Canada data released Wednesday.
Canada is estimated to have added 250,229 people between April and July this year, which represents a quarterly growth rate of 0.6 per cent, the agency said.
Photo credit: Tomasz Zajda / Adobe Stock
PayPal to let business accounts buy, hold and sell cryptocurrency
PayPal Holdings announced on Wednesday it is enabling U.S. merchants to buy, hold and sell cryptocurrency from their business accounts.
The payments giant aims to increase cryptocurrency’s utility, which was moved from being a nascent asset class towards greater market acceptance after bitcoin exchange-traded funds were approved by the U.S. SEC earlier in the year.
Photo credit: mehaniq41 / Adobe Stock
CRA invites taxpayers to share ideas for service improvements
The CRA is launching public consultations to hear from individuals, non-professional representatives, and tax intermediaries about their experiences with CRA services. The CRA service consultations 2024 will play an important role in further understanding the experiences of those who rely on CRA services, and identifying areas where improvements are needed.
Photo credit: mikecleggphoto
Ontario exploring feasibility of new Highway 401 tunnel expressway
Today, the Ontario government launched the technical evaluation for the construction of a new driver and transit tunnel expressway under Highway 401. This expressway is expected to provide a new, faster route for some of the most gridlocked roadways in the province north of the City of Toronto, extending from beyond Brampton and Mississauga in the west to beyond Markham and Scarborough in the east.
Click here to read more.
Photo credit: photobyphotoboy / Adobe Stock
U.S. Justice Department sues Visa for monopolizing debit markets
The U.S. Department of Justice (DOJ) has filed a civil antitrust lawsuit Tuesday against Visa for monopolization and other unlawful conduct in debit network markets in violation of Sections 1 and 2 of the Sherman Act.
Filed in the U.S. District Court for the Southern District of New York, the complaint alleges that Visa illegally maintains a monopoly over debit network markets by using its dominance to thwart the growth of its existing competitors and prevent others from developing new and innovative alternatives.
Image credit: Brad Demers / Greater Niagara Chamber of Commerce
GNCC Lunch & Learn webinar offers tips on protecting your business from phishing and email scams
Learn how to protect your company from phishing and email scams in this essential 60-minute session tailored for GNCC members and business leaders. Stay one step ahead by discovering real-world examples of phishing attacks and get practical tips to identify and avoid these threats, and how to keep your business data secure.
Did you know?
Focus on Climate
Extreme Canadian weather causes record $5.7 billion in insured damage
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.
