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Greater Niagara Chamber of Commerce

Daily Update: January 13, 2023

Unifor reaches tentative agreement with CP Rail,Natural resources sector growth outpaces general economy, and more.

In this edition:

Unifor reaches tentative agreement with CP Rail

Unifor Local 101R has reached a tentative agreement with Canadian Pacific Railway (CP), covering 1,200 workers at 18 locations from British Columbia to Quebec.

“These are hard working members who provide a vital service and I know the Bargaining Committee was determined to make progress during these difficult times,” said Lana Payne, Unifor National President. “I thank the Committee for their outstanding work.”

The Unifor members provide maintenance service and safety inspections to locomotives and freight cars and produce track and freight car/locomotive components.

The last collective agreement expired on December 31, 2022, with negotiations with the railway ongoing since September.

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Natural resources sector growth outpaces general economy

Real gross domestic product (GDP) of the natural resources sector rose 1.1% in the third quarter of 2022, after rising 2.1% in the second quarter, new Statistics Canada data revealed today. This outpaced the third quarter growth in economy-wide real GDP (+0.7%), as the natural resources sector benefitted from greater production of crude bitumen and potash.

The increase in real natural resource GDP in the third quarter was “broad-based,” Statistics Canada said.

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Ontario to expand surgeries performed in private facilities, sources say

Ontario will perform thousands more surgeries in private facilities in an effort to tackle the growing backlog , senior government sources said Friday.

The sources — who were not authorized to speak ahead of an announcement set for next week –said the province will expand existing independent health facilities’ capacities in its first phase of surgical health-care reform.

The first phase will focus on expansion of cataract surgeries, the sources said, followed by a second phase that expands into low complex orthopedic surgeries like knee and hip replacements as well as diagnostic tests.

The goal is to take low acuity, low complexity surgeries outside the beleaguered hospital system, the sources said.

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Industrial hemp entrepreneur wants to set record straight over Grimsby facility

An application for a hemp-processing plant in Grimsby may have hit a setback, but that hasn’t deterred entrepreneur Akeem Gardner from spreading the word about the benefits of industrial hemp.

At the Dec. 20 committee of adjustment meeting, an application was reviewed for a minor variance for a hemp-processing facility on Kemp Road.

The meeting was heated, with two-and-a-half hours of debate from 36 delegates, and a petition opposing the plan had 52 signatures by the start of the meeting.

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Focus on International Trade

6 things to know about international trade this month

Global trade is expected to have hit a record $32 trillion in 2022, with goods trade up 10% on the year to $25 trillion, and trade in services up 15% to $7 trillion, according to the UN Conference on Trade and Development (UNCTAD).

But trade growth took a hit in the second half of last year, with third-quarter goods trade dropping by 1% compared with three months earlier. The likely causes were “geopolitical frictions, persisting inflation and lower global demand”, all of which are expected to negatively affect global trade in 2023, UNCTAD says.

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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.

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