In this edition:
- Head of Hamilton’s merger transition team has advice for Niagara
- Staples Professional shares workplace trends that will prevail in 2024
- SpacesShared partners with Niagara College, University of Niagara Falls on homesharing
- Most Canadians support bringing in temporary foreign workers to fill jobs, says poll
- OSC survey reveals gaps in Canadians’ retirement experiences and preparedness
- Sam’s Club testing AI, computer vision tech to speed up exit process at stores
- Warning: A fake ‘security researcher’ is trying to trick ransomware victims
- Halting temporary resident admissions would deepen Canada’s recession: Report
- Focus on Finance & Economy
Head of Hamilton’s merger transition team has advice for Niagara
Don’t be afraid of change.
That’s one piece of advice the man who chaired the provincial transition board that oversaw the formation of an amalgamated City of Hamilton more than 20 years ago has for Niagarans presenting their views of how their region should be governed when an Ontario legislative committee stops in St. Catharines Wednesday, Jan. 10.
“When people woke up on Jan. 1, 2001, to an amalgamated City of Hamilton, Dundas didn’t look any different than it did the day before,” said Marvin Ryder, now an associate professor of marketing at McMaster University. “What made Ancaster wonderful or Dundas wonderful, it didn’t change … except the delivery of municipal services.
Staples Professional shares workplace trends that will prevail in 2024
Work continues to evolve, and with the return to work life following the holiday season, many are wondering: what will this year hold for hybrid work and workplaces throughout Canada? Staples Professional is sharing its predictions for workplace trends that will prevail this year and beyond, informed by its Evolution of Work Report, a survey conducted in collaboration with Angus Reid Group, North America’s foremost name in research.
SpacesShared partners with Niagara College, University of Niagara Falls on homesharing
SpacesShared, an innovative online home-sharing platform, is excited to announce new partnerships with Niagara College and the University of Niagara Falls Canada to help solve the growing challenge of affordable student housing in the Niagara region.
SpacesShared is a novel homesharing technology that lets students who are looking for a safe, affordable place to stay quickly and affordably connect with older adult hosts. Using a sophisticated algorithm and a team of people, SpacesShared matches compatible students and older adults interested in homesharing. SpacesShared was launched in 2023 as a response to the Canadian housing crisis with a solution that prioritizes connection, comfort, and community.
Most Canadians support bringing in temporary foreign workers to fill jobs, says poll
Most Canadians support employers bringing in temporary foreign workers to fill jobs they can’t find Canadians to do, according to a poll for The Globe and Mail, despite growing numbers opposed to increased immigration.
The survey also found that more than eight in 10 Canadians feel that temporary foreign workers are important to the country’s economy.
And over two-thirds show support for temporary foreign workers who wish to remain in Canada becoming citizens, according to the Nanos Research poll.
Click here to read the letter.
OSC survey reveals gaps in Canadians’ retirement experiences and preparedness
The Ontario Securities Commission (OSC) today released Profiles of Retirement, an investor research survey that looked at the financial lives of Canadians 50 years of age and older.
This survey sheds light on the attitudes and expectations of retirees and pre-retirees — the fastest growing demographic in Ontario — and builds on the OSC’s vision of a stronger and more secure financial future for all Ontario seniors. The survey showed that while the majority of Canadians 50+ are investing and earning an income, a significant proportion are in a financially vulnerable position.
Sam’s Club testing AI, computer vision tech to speed up exit process at stores
To speed up the time it takes shoppers to have their carts full of purchased items checked at Sam’s Club the retailer is testing out an application of artificial intelligence and computer vision technology.
Pilots are currently underway at 10 Sam’s Club locations and involves a combination of computer vision and digital technology which captures images of carts and verifies payment for all the items in the shopper’s possession.
Warning: A fake ‘security researcher’ is trying to trick ransomware victims
Beware of so-called security researchers emailing firms that have been victimized by ransomware and claiming to be able to recover their stolen data.
That’s the warning from researchers at Arctic Wolf, who have found at least two examples of what are being described as follow-on extortion attacks.
The fake researcher offers to hack into the server infrastructure of the original ransomware group to either recover or delete exfiltrated data. This is a scam whose goal is to get the victim organization to pay bitcoin for supposed assistance.
Halting temporary resident admissions would deepen Canada’s recession: Report
With Canada’s economic prospects increasingly dependent on population growth, a new analysis by Desjardins says cutting the number of non-permanent residents (NPRs) allowed into the country could deepen the expected recession and subsequent recovery.
Canada’s population has surged, with the most recent gain of 430,000 people in the third quarter of the year, marking the fastest pace of population growth in any quarter since 1957. As of Oct. 1, Canada’s population was estimated to be 40.5 million. Population growth in the first nine months of the year has already surpassed the record set in the full year 2022.
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Focus on Finance & Economy
‘Catalyst for the industry’: Stakeholders on U.S. Bitcoin decision
Cryptocurrency stakeholders say a pending decision in the U.S. regarding Bitcoin investments would open the doors to more traditional investors.
Wednesday marks the deadline for the U.S. Securities and Exchange Commission (SEC) to decide whether to approve a series of spot Bitcoin ETF applications, which would allow investors to have exposure to Bitcoin, without actually owning the currency.
Dean Skurka, president and CEO of WonderFi, the parent company of crypto trading platforms Bitbuy, Coinsquare and SmartPay, said the changes would open crypto investments to a wider array of investors, including those without access to the products or those with skepticism.
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.
