In this edition:
- Welland Canal operations fully restored after St. Catharines train derailment
- Amazon introducing fuel surcharge on some services due to soaring gas prices
- Carney breaks down plans to spend $51B on local infrastructure
- Canada offers funding for employers to hire, train and mentor young workers in clean economy
- Niagara real estate remains buyer’s market but inventory surge and buyer engagement point to spring awakening
- Focus on Finance & Economy
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Picture credit: Alexandre / Adobe Stock
Welland Canal operations fully restored after St. Catharines train derailment
After more than a week of disruption following a March 30 train derailment in St. Catharines, vessel navigation has been fully restored in the Welland Canal through the Thorold flight locks.
The derailment of 13 railway cars severely damaged tracks west of the canal by Glendale Avenue. It also resulted in rail cars being stranded on the west railway bridge over the canal to the north of the twinned locks.
Picture credit: Gorodenkoff / Adobe Stock
Amazon introducing fuel surcharge on some services due to soaring gas prices
Soaring gas prices are triggering new fuel surcharges on everything from airline tickets to Amazon orders for Ontario consumers.
Ontario drivers are now paying about 50 cents more per litre of gasoline than they were during the week before the United States and Israel launched their war against Iran on Saturday, Feb. 28.
Picture credit: Office of the Prime Minister of Canada
Carney breaks down plans to spend $51B on local infrastructure
The federal government will address infrastructure gaps across Canada with billions of dollars in funding over the coming decade, Prime Minister Mark Carney said on Tuesday at a news conference in Brampton, Ont.
Carney used the event to break down how his government plans to dole out $51 billion in the Liberals’ Build Communities Strong Fund. The new pot of money was first announced in the 2025 budget, which became law last month.
Picture credit: boonchok / Adobe Stock
Canada offers funding for employers to hire, train and mentor young workers in clean economy
Today, the Government of Canada announced $30 million to create 900 employment and skills training opportunities over two years for youth across the country in the natural resource sectors, including energy, forestry, mining, earth sciences and clean technology.
Through the Science and Technology Internship Program (STIP) – Green Jobs, employers can apply for funding to hire, train and mentor youth aged 15 to 30 for up to 12 months.
Visit Natural Resources Canada’s STIP – Green Jobs page to find out how to apply to be an employer or an intern.
Photo credit: primestockphotograpy / Adobe Stock
Niagara real estate remains buyer’s market but inventory surge and buyer engagement point to spring awakening
“The Niagara real estate market is showing clear signs of a spring awakening, characterized by a significant surge in both inventory and buyer engagement,” says Johnny MacDonald, Chair of the Niagara Association of REALTORS®. In March 2026, residential sales jumped 19.2% over the previous month to 460 units.
“While we remain in a buyer’s market with a sales-to-listings ratio of 34%, the fact that homes are selling in an average of 48 days—a 4% improvement over last year—indicates that well-priced properties are moving fairly quickly.”
Focus on Finance & Economy
USTR Greer says US-Mexico-Canada pact talks may run past July 1 deadline
Reuters
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.
