In this edition:
- Government of Canada announces $123M for Affordable Housing Innovation Fund
- Niagara Falls issues Mother Earth Day Call for Vendors
- St. Catharines launches survey on community climate action
- Niagara Region bridge deal with CNR includes funding for current replacement
- Ontario announces over $26M in grant funding through Ontario Trillium Foundation
- Temporary shelter opens in St. Catharines offering 46 beds to those in need
- Environmental and labour groups make plea for sustainable jobs bill to pass
- Focus on Finance & Economy
Government of Canada announces $123M for Affordable Housing Innovation Fund
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, joined by the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, and the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced a $123 million investment through the Affordable Housing Innovation Fund, which will build more than 5,000 affordable homes.
This investment will support eight innovative homebuilders to develop, test, and streamline the next generation of homebuilding techniques to build more homes, faster.
Niagara Falls issues Mother Earth Day Call for Vendors
Mother Earth Day will be celebrated again in 2024. The environmental event will take place Saturday, May 11, 2024, between 9 am and 3 pm, at Firemen’s Park, 2275 Dorchester Road (rain or shine). The event, presented by PenFinancial Credit Union, is being organized and hosted by the Environmental Action Committee.
The Environmental Action Committee is currently accepting retail, food & beverage, educational, environmental and wellness vendors, specifically those that focus on positive environmental products or services.
St. Catharines launches survey on community climate action
The City of St. Catharines is looking to collect more information on what community members are doing in their day to day lives that can help reduce greenhouse gas emissions and be more resilient to a changing climate.
The City’s first Community Climate Action survey was launched on Monday, Feb. 26, 2024, and is now available on EngageSTC.
Niagara Region bridge deal with CNR includes funding for current replacement
Niagara Region will assume ownership of the St. Paul Street West CNR bridge once it’s reconstructed — despite cold feet from some politicians.
Regional council voted last Thursday in favour of its public works committee’s recommendation to take on the responsibilities of future repairs and replacement, with CNR providing $1.5 million to cover its share of the costs over the next 150 years.
Ontario announces over $26M in grant funding through Ontario Trillium Foundation
Today, the Ontario government announced more than $26 million in grant funding this year to support 251 local projects at non-profit organizations across the province through the seventh and final round of the Ontario Trillium Foundation’s (OTF) Resilient Communities Fund.
The Resilient Communities Fund was created in August 2020 to help Ontario’s non-profit organizations address pandemic-related challenges so they could continue to provide local services. To date, this fund has supported 3,299 projects with $294 million in support.
Temporary shelter opens in St. Catharines offering 46 beds to those in need
A new, temporary housing shelter is open in St. Catharines helping get more people experiencing homelessness off the streets.
The 46-bed modular shelter was constructed at 29 Riordon Street in a few short months, and opened this week.
Environmental and labour groups make plea for sustainable jobs bill to pass
A dozen environment groups and labour organizations are pleading with the Liberal government to end a political stalemate over its forthcoming sustainable jobs bill.
Aliénor Rougeot, climate and energy program manager at Environmental Defence, said the government keeps saying Bill C-50 is a priority but has not moved to get it back onto the floor of the House of Commons for a final vote.
Did you know?
The world’s first scheduled passenger airline flight took off on January 1st, 1914.
Focus on Finance & Economy
Here’s what we can learn from Canada’s response to inflation in the 1980s and 1990s
For the last two years, inflation has been at top of mind for Canadians. It is a tax on households. When prices rise, the purchasing power of each dollar earned falls.
This generates huge losses for the economy, as well as households on fixed incomes, and increases uncertainty, making it more difficult to plan for the future.
The real question in the minds of many economists is what the trend in inflation will be going forward, and when interest rates will begin to fall and bring relief to Canadians.
While this episode of inflation has created challenges for many, this is not the first time Canada has gone through such an experience; we have been here before.
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.
