In this edition:
- Canada Post, union reach tentative agreements, with vote expected in new year
- $2.1-million power of sale finalized for Welland House site
- Ontario invests $2.2 million in Thorold biocoal company
- Return trips to USA down 26.3% while US trips to Canada are up 3%
- Canada releases interim report from Financial Industry AI forum
- Early indications show jobs in industries dependent on U.S. shed 18,100 jobs
- Focus on International Trade
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Photo credit: TesDesigns / Adobe Stock
Canada Post, union reach tentative agreements, with vote expected in new year
Canada Post and the Canadian Union of Postal Workers say they have reached tentative agreements.
The deals announced Monday cover both the Urban Postal Operations and Rural and Suburban Mail Carriers bargaining units.
Illustration credit: Wikimedia Commons: Trappy / Google Maps / Greater Niagara Chamber of Commerce
$2.1-million power of sale finalized for Welland House site
The site of the former historic Welland House in St. Catharines has a new owner after being sold for $2.1 million under a power of sale.
Property records show the 0.85-acre vacant lot at 26-30 Ontario St. was transferred from SBI Canada Bank to a numbered company three weeks after the lender took ownership.
Picture credit: Alesia Berlezova / Adobe Stock
Ontario invests $2.2 million in Thorold biocoal company
The Ontario government has announced it is investing $2.25 million through the Forest Biomass Program to help CHAR Technologies commercialize biocoal, a low-carbon fuel derived from forest mill byproducts and underused wood.
This Forest Biomass Program investment will help CHAR Technologies improve biocoal’s storage and transport durability, needed for use in steelmaking at ArcelorMittal Dofasco.
Picture credit: Rick Beauregard / Adobe Stock
Return trips to USA down 26.3% while US trips to Canada are up 3%
In October, the number of Canadian-resident return trips from the United States was down 26.3% year over year, while the number of trips to Canada by US residents was up 3.0%.
In October, the number of trips to Canada by overseas residents (+11.7%) and Canadian-resident return trips from overseas (+9.1%) increased compared with the same month a year earlier.
Picture credit: Andrey Popov / Adobe Stock
Canada releases interim report from Financial Industry AI Forum
You can read the interim report summarizing the FCAC-GRI workshop here. A full report on the outcome of all 4 workshops will be available in spring 2026.
Picture credit: Lazy_Bear / Adobe Stock
Early indications show jobs in industries dependent on U.S. shed 18,100 jobs
US tariffs on goods imported from Canada are ongoing and in flux, so it will likely take some time to determine the full impacts on Canadian employment. However, there is some evidence to suggest that the imposition of tariffs has had some implications: while total payroll employment was essentially unchanged from December 2024 to August 2025, employment in industries dependent on US demand declined by 18,100 (-1.4%). Meanwhile, employment in industries less dependent on US demand rose by 38,100 (+0.2%) over this same period.
Focus on International Trade
Why Tim Hodgson thinks energy is Canada’s ace card in a changing world order
Meghan Potkins, Financial Post
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.
