In this edition:
- Niagara real estate market active, buyers regaining confidence
- Town of Lincoln celebrates groundbreaking for Hampton by Hilton Hotel
- Niagara non-profits among recipient of $28M in new Ontario Trillium Fund grants
- Canadian Tire reports strong second quarter 2025 results
- Ontario issues RFP for new interprovincial economic and energy corridor
- Toyota reports 37% drop in profit, cuts forecast due to Trump’s tariffs
- Ottawa upholds CRTC ruling on wholesale internet access
- Judges question Trump’s authority to impose tariffs without Congress
- Focus on Climate
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Photo credit: Andy Dean / Adobe Stock
Niagara real estate market active, buyers regaining confidence
New data from the Niagara Association of REALTORS® indicates that although the Niagara real estate market is active, pricing in line with market value is becoming more important, and homebuyers are regaining confidence and options.
“With mortgage rates remaining steady and a solid supply of homes on the market, this is a window of opportunity for buyers to act with more confidence,” said Lisa Taylor, Chair, Niagara Association of REALTORS®.
Picture credit: Town of Lincoln
Town of Lincoln celebrates groundbreaking for Hampton by Hilton Hotel in Beamsville
The Town of Lincoln today marked the ceremonial groundbreaking for a new Hampton by Hilton hotel at 4711 Ontario Street in Beamsville, just off the QEW. The five-storey development will feature 100 guest rooms, an indoor pool, and 2,300 sq. ft. of modern conference space, addressing a long-standing gap in local accommodations and event infrastructure.
Picture credit: Government of Ontario
Niagara non-profits among recipient of $28M in new Ontario Trillium Fund grants
The Ontario government is investing more than $28 million through the Ontario Trillium Foundation (OTF) to support 300 non-profit organizations, First Nations and small municipalities across the province in delivering much-needed programs.
Several Niagara organizations were among the recipients for 2025-2026.
Photo credit: Kevin Brine / Adobe Stock
Canadian Tire reports strong second quarter 2025 results
Canadian Tire Corporation reported strong second quarter results for this year, posting retail revenue up by 5.3% and consolidated comparable sales growth of 5.6%, led by Canadian Tire Retail (CTR) which posted a 6.4% increase.
Photo credit: serikbaib / Adobe Stock
Ontario issues RFP for new interprovincial economic and energy corridor
Today, the Ontario government issued a request for proposals (RFP) to conduct a feasibility study exploring how best to establish a new economic and energy corridor. This corridor would include new Alberta-to-Ontario pipelines, bringing Western Canadian oil and gas to refineries in Southern Ontario and tidewater ports including a new deep-sea port on the coast of James Bay.
Picture credit: speed300 / Adobe Stock
Toyota reports 37% drop in profit, cuts forecast due to Trump’s tariffs
Toyota’s profit plunged 37 per cent in the April-June quarter, the company said on Aug. 7, cutting its full-year earnings forecasts largely because of President Donald Trump’s tariffs.
The Japanese automaker said it based its report on the assumption that Trump’s tariffs on exports from Japan, including autos, would be 12.5 per cent starting this month. As of now, they stand at 15 per cent.
Picture credit: xiaoliangge / Adobe Stock
Ottawa upholds CRTC ruling on wholesale internet access to ‘allow for more competition’
Ottawa says it will uphold a ruling by Canada’s telecommunications regulator allowing the country’s largest internet companies to provide service to customers using fibre networks built by their rivals — as long as they do so outside their core regions.
Click here to read more.
Picture credit: Andrea Izzotti / Adobe Stock
Judges question Trump’s authority to impose tariffs without Congress
Appellate court judges expressed broad skepticism Thursday over U.S. President Donald Trump’s legal rationale for his most expansive round of tariffs, including the tariff on Canada that he just raised to 35 per cent.
Members of the 11-judge panel of the U.S. Court of Appeals for the Federal Circuit in Washington appeared unconvinced by the Trump administration’s insistence that the president could impose tariffs without congressional approval and hammered its invocation of the International Emergency Economic Powers Act to do so.
Focus on Climate
Companies taking concrete steps toward capturing revenues from carbon dioxide
The Canadian Press
It can be used to make fuel, fertilizer, building material and even soap, but can carbon dioxide be a money maker, too?
Carbon capture has long been a focus of emissions reduction efforts in Canada. It involves collecting the climate-warming gas from industrial sites and preventing it from entering the atmosphere, most often by stowing it away permanently underground.
Less common has been capturing CO2 and making it into something useful.
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.
