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Greater Niagara Chamber of Commerce

COVID-19 Business Update: November 5th, 2020

Statistics Canada has reported that Canada’s merchandise trade deficit grew to $3.3 billion in September, against $3.2 billion in August, with both imports and exports still below pre-pandemic levels.
Information on government grants, resources, and programs, as well as policies, forms, and posters for download and use, are available here.
The Government of Canada has a support page with summaries of current programs and application portals.

Vital updates:

  • Statistics Canada has reported that Canada’s merchandise trade deficit grew to $3.3 billion in September, against $3.2 billion in August, with both imports and exports still below pre-pandemic levels. Canada’s trade surplus with the United States fell to $2.0 billion in September compared with $2.9 billion in August as exports to the country’s largest trading partner fell 1.6 per cent and imports from south of the border rose 1.2 per cent.
  • Downtown Port Colborne will hold a Christmas Open House on November 13th between 12pm and 8pm, and on November 14th between 10am and 4pm. All residents are welcome to attend.
  • The Atelier Collective has upped the ante for their second digital conference, held on November 12, with expanded programming to include two tracks: one for tenacious entrepreneurs who are looking to expand their business in a year of significant change and one for ambitious women in careers who are looking to climb and adapt to the new work environment. Click here to learn more.

Reading recommendations:

  • Doing business in the U.S. will never be the same after election comes close to worst-case scenario, Kevin Carmichael, Financial Post

    • Biden appears on track to win the electoral college, which would represent a victory for decency over an administration that encouraged misogyny, racism and serial lying. Biden would be also a constructive participant in the global fights against the pandemic and climate change, and would probably end Donald Trump’s efforts to sabotage the World Trade Organization. But Biden won’t be able to erase the past four years. There is no going back, at least not all the way back.
  • So How Wrong Were the Polls This Year, Really? Gilad Edelman, Wired
    • Biden is on track for a close victory, but Trump still has a chance. The results hinge on a handful of swing states that may not finish counting votes until the end of the week; in the Rust Belt, Trump’s early leads look to be morphing into narrow Biden victories as absentee ballots get counted. Meanwhile, Trump has indeed declared that “as far as I’m concerned, we already have won it.” In other words, everything is turning out just as we’d been told. So why does it all feel so surprising?

 

Niagara Economic Summit Series 2020

Where are we now, how did we get here, and where do we go? This year’s summit, taking place between November 10 and November 24, brings experts and leaders together from across the country to identify where we are economically, what our future opportunities are, and how we can seize them. Find out more and get a calendar save-the-date here.


 If you are showing symptoms, contact your health care provider, call the Public Health Info-Line at 905-688-8248, or chat to Public Health online. For testing, call 905-378-4647 ext. 42819 (4-CV19) for information on test centres in Niagara and to book an appointment.

Previous updates can be accessed here.

The GNCC is here to support you. Contact us with any questions you have.

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