In this edition:
- Honda plans to build EVs and a battery plant in Ont., according to sources
- Growcer raises $3M to scale up modular vertical farming solutions
- Ontario to invest $155.5M to fast-track construction of long-term care homes
- Sharing a Glass honours inspirational women of the Ontario grape and wine industry
- Expression of Interest available for Thorold’s James Whyte Arena
- Prices of Canadian manufactured products down 0.5% year-over-year as raw materials prices rise
- Focus on Finance & Economy
Honda plans to build EVs and a battery plant in Ont., according to sources
Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont., where it also plans to produce fully electric vehicles, The Canadian Press has learned.
Senior sources with information on the project confirmed the federal and Ontario governments will make the announcement this week, but were not yet able to give any dollar figures.
However, comments on Apr. 22 from Ontario Premier Doug Ford and Economic Development Minister Vic Fedeli suggest it is a project worth around $14 billion or $15 billion.
Growcer raises $3M to scale up modular vertical farming solutions
Growcer Inc. has secured $3 million in a funding round led by investors Modern Niagara, Jeff Westeinde, and former Farm Boy Co-CEO Jeff York.
Growcer Inc. is a Canadian company specializing in modular vertical farms for year-round food production. The investment will accelerate the company’s growth, expand market reach into the northeast U.S., and diversify product offerings beyond leafy greens and modular structures.
Ontario to invest $155.5M to fast-track construction of long-term care homes
The Ontario government is investing $155.5 million this year to help fast-track the construction of new or redeveloped long-term care homes. This funding, through the 2024 Ontario Budget: Building a Better Ontario, is part of the government’s $6.4 billion plan to build 58,000 new and upgraded long-term care beds across the province.
Sharing a Glass honours inspirational women of the Ontario grape and wine industry
A milestone new book titled “Sharing a Glass” tells the little-known stories of the significant contributions of women in the early years of the Ontario grape and wine industry. This release marks the first book in Canada dedicated to celebrating the female figures who have shaped this vibrant sector.
Expression of Interest available for Thorold’s James Whyte Arena
The City of Thorold is working on a long-term strategy to repurpose the property on which the James Whyte Arena is situated and expect to implement this plan in 2027. This presents an opportunity to establish an interim use for the existing building and parking space for passive and organized recreational purposes.
A call for “Expressions of Interest” (EOI) has been issued to any private or public user group wishing to rent or lease some or all the available space (22,500 sf.) for the purposes of providing recreational, cultural, or special interest programming aimed at enhancing the health, lifestyle and quality of life for Thorold residents of all ages.
Prices of Canadian manufactured products down 0.5% year-over-year as raw materials prices rise
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Focus on Finance & Economy
Tesla stock in ‘no man’s land’ after 43% rout ahead of earnings
Elon Musk is known to challenge the status quo — and that’s exactly what Tesla Inc.’s investors are worried about right now.
The company’s shares are weathering the longest rout since late 2022, tumbling nearly 19 per cent over the past seven days, amid doubts about its business strategy as sales of electric vehicles slump.
The latest worry? That Musk, Tesla’s chief executive officer, will announce plans on Tuesday’s earnings call to nix the rollout of a cheaper model and focus on developing a fully self-driving vehicle — a project that would face considerable regulatory and commercial obstacles.
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.
