In this edition:
- Safari Niagara gives back to the community
- Lord Mayor Zelepa to host community visits in Niagara-on-the-Lake
- Regional report finds chronic homelessness rising in Niagara
- Walmart piloting body cams for store staff
- Mortgage gap widens between what Canadians can afford and what they pay
- CBSA announces first Canadian land preclearance operation in the U.S.
- Focus on Finance & Economy
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Photo credit: World Economic Forum / CC BY-NC-SA 2.0
Prime Minister Justin Trudeau says he will resign after Liberals choose new leader
Trudeau said he met with Gov. Gen. Mary Simon on Monday morning and that she has agreed to his request to prorogue Parliament until March 24.
Photo credit: Wangkun Jia / Adobe Stock
Prorogation of parliament kills capital gains tax changes tech community fought
Prime Minister Justin Trudeau’s move to step down and prorogue parliament has killed a series of changes his government proposed to capital gains.
If passed before the prorogation, the changes would have raised the portion of capital gains on which companies pay tax to two-thirds from one-half.
Picture credit: Town of Lincoln
Applications open for grant programs in Lincoln
The Town of Lincoln has announced that funding opportunities through the Grow Prosper Belong Fund and Whipple Trust Fund Community Grants are open until February 10, 2025.
A grant consultation is mandatory prior to submission. Interested parties can book a consultation by calling 905-563-2799 ext. 283 or emailing recreation@lincoln.ca.
Picture credit: wolterke / Adobe Stock
Amazon to end remote work
It’s back to the office full time for the majority of Amazon employees across the globe, but for some who work for the tech giant and online retailer it’s not a welcome change.
Amazon’s corporate employees worked mostly remotely during the COVID-19 pandemic. Since 2023, they were allowed to work a hybrid schedule — two days remotely and three days in the office.
Photo credit: Tinnakorn / Adobe Stock
Our top Daily Update stories of 2024
In 2024, the GNCC’s Daily Update email kept Niagara’s business community up-to-date on important news and information. These were our most-clicked stories from 2024.
Did you know?
Coffee has the highest environmental footprint of any beverage – including alcohol.
Focus on Finance & Economy
What Trudeau’s resignation will mean for Canada’s economy
Trudeau’s resignation “ushers in a new wave of uncertainty for the Canadian economy and financial markets,” Tu Nguyen, an economist at tax consultant RSM Canada, said in a note following the announcement.
In a sign of how the political upheaval has rattled markets, Bloomberg’s Canada Economic Policy Uncertainty Index surged to 650, its highest level ever, far outstripping its last peak posted at the start of the pandemic.
The index has typically hung around the 200 to 350 mark over the past few decades.
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.
