In this edition:
- Niagara Falls launches new customer service initiative, seeks business feedback
- PenFinancial Credit Union announces 2025 Board of Directors
- Bank of Canada’s next interest rate announcement comes out April 16
- Residential construction intentions in decline as overall construction grows
- KPMG survey shows Canadian organizations turning to agentic AI
- Airfares fell more than 5% in March, says Consumer Price Index
- Focus on Markets
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Picture credit: City of Niagara Falls
Niagara Falls launches new customer service initiative, seeks business feedback
The City of Niagara Falls is launching a new service delivery model: At Your Service, Niagara Falls, a new customer service initiative designed to enhance and streamline service delivery in alignment with the priorities identified in the 2023-2027 Strategic Plan and the Niagara Falls Customer Service Strategy.
The City is seeking feedback to better understand and address the needs of customers, residents, visitors, and businesses.
Picture credit: PenFinancial Credit Union
PenFinancial Credit Union announces 2025 Board of Directors
Click here to read more.
Picture credit: JHVEPhoto / Adobe Stock
Bank of Canada’s next interest rate announcement comes out April 16. What experts predict will happen
With United States tariffs kicking in, stock markets yo-yoing and reports Ontario’s job losses are high this month, Canada’s economic future remains uncertain.
That’s why financial experts are predicting the Bank of Canada will likely drop interest rates again.
The bank’s next announcement comes out Wednesday, April 16.
Photo credit: reme80 / Adobe Stock
Residential construction intentions in decline as overall construction grows
Canada’s residential construction intentions declined by $247.4 million (-2.9%) to $8.4 billion in February 2025. Overall, the multi-family component fell by $224.8 million, while the single-family component decreased by $22.6 million.
Photo credit: Summit Art Creations / Adobe Stock
KPMG survey shows Canadian organizations turning to agentic AI
Click here to read more.
Photo credit: Imaging L / Adobe Stock
Airfares fell more than 5% in March, says Consumer Price Index
Airfares dropped 5.3% from February to March, according to the Consumer Price Index. It is a continuation from the month prior, when the CPI said fares fell 4% from January to February.
The 5.3% decline, which is adjusted to account for normal seasonal price changes, jibes with reports from airlines since early March of declining domestic demand.
Focus on Markets
This chart explains why Trump backflipped on tariffs. The economic damage would have been huge
The move signals a partial retreat from what had been shaping up as a broad and aggressive trade war. For most countries, the US will now apply a 10% baseline tariff for the next three months. But the White House made clear that its tariffs on Chinese imports will remain in place.
So why did President Trump back away from the broader tariff push? The answer is simple: the economic cost to the US was too high.
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.
