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Greater Niagara Chamber of Commerce

Daily Update: October 29, 2024

In this edition:

  • Fifth Working for Workers Act receives Royal Assent
  • Jordan Village improvement project wraps up two years of construction
  • Government of Ontario will mail $200 rebate to all taxpayers
  • Non-homeowners near retirement age with no pension plan only worth $11,900
  • Rating agencies hold Provincial credit rating at AA
  • Unifor files for conciliation in stalled negotiations with CPKC
  • Focus on Technology

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The Legislative Assembly of Ontario building at Queen's Park

Photo credit: JHVEPhoto / Adobe Stock

Fifth Working for Workers Act receives Royal Assent

The GOvernment of Ontario has announced that the Working for Workers Five Act, 2024 has received Royal Assent and is now law.

The Act makes changes to WSIB eligibility for firefighters, investigators, and volunteers; requiring menstrual products be made available on larger construction sites; increasing the maximum fines that can be issued to individuals convicted of violating the Employment Standards Act; requiring employers to disclose whether a vacancy truly exists in publicly advertised job postings and respond to interviewees within a specified period; and prohibiting sick notes as evidence of entitlement to the three job-protected unpaid sick-leave days.


Ontario Premier Doug Ford delivers a speech from a podium

Photo credit: Government of Ontario / YouTube screenshot

Government of Ontario will mail $200 rebate to all taxpayers

As part of the upcoming 2024 Ontario Economic Outlook and Fiscal Review, the government is proposing to provide a $200 taxpayer rebate to all eligible Ontario taxpayers. The government is also proposing to provide families with an additional $200 for each eligible child.

Premier Doug Ford and Finance Minister Peter Bethlenfalvy made the announcement Tuesday, a day ahead of the province’s fall economic statement, which serves as a mini budget.

Click here to read more.


A crossroads in Jordan Village

Photo credit: Vintage Hotels

Jordan Village improvement project wraps up two years of construction

The $18-million Jordan Village improvement project that resulted in road, infrastructure and other improvements to the village between Main and Nineteenth streets, extending from Wismer Street to King Street, has wrapped up after two years of construction.

Click here to read more.


Increasingly large stacks of coins from left to right overlaid against a set of line graphs

Photo credit: Dilok / Adobe Stock

Rating agencies hold Provincial credit rating at AA

Fitch, Moody’s and S&P each reaffirmed their credit ratings for the Province in updated assessments. In general, the credit rating agencies continue to rate the Province as an extremely strong, investment-grade borrower.

A credit rating upgrade for the Province within the next two years is likely, the Financial Accountability Office of Ontario (FAO) reports.

Click here to read more.


A CKPC locomotive pulls a freight train

Photo credit: Canadian Pacific Kansas City Limited

Unifor files for conciliation in stalled negotiations with CPKC

Unifor has filed for conciliation in its negotiations with CPKC after discussions reached an impasse over key issues impacting thousands of workers. 

Negotiations began with CPKC to address key issues such as work ownership, job security, and poor labour relations that have severely impacted the working environment.

Click here to read more.


Did you know?

The value of Bitcoin has reached $73,000 USD and is on its way to a new record high.

Focus on Technology

Amazon launches AI-powered shopping assistant in Canada

Amazon has launched its generative AI-powered shopping assistant, Rufus, in Canada.

The tool—already available to shoppers in the U.S., U.K. and India—is designed to answer customer questions like, “What are different types of running shoes?” or, “Are these durable?” and make recommendations.

Customers can discover products based on an activity or event by asking questions such as, “What do I need for climbing?” Rufus will then suggest shoppable product categories like safety harnesses or climbing shoes.

Click here to read more.


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.


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