Your browser is not supported

Your browser is too old. To use this website, please use Chrome or Firefox.

Greater Niagara Chamber of Commerce

Daily Update: July 16 2024

In this edition:

  • Algoma receives grants from Transport Canada’s Green Shipping Corridor Program
  • Inflation rate slows to 2.7% in June while food prices continue to rise
  • Alectra invests $7.9M in St. Catharines to enhance reliability and meet growing energy demands
  • Welland set to host three national flatwater events
  • West Lincoln Council votes to fill vacancy via by-election
  • Government of Canada releases new Green Buildings Strategy
  • Focus on Human Resources

Did you know you can get the GNCC’s Daily Update emailed to you? Click here to sign up.


Photo credit: Algoma Central Corporation

Algoma receives grants from Transport Canada’s Green Shipping Corridor Program

While marine transportation is already the most eco-friendly mode of moving goods, innovative technologies emerge as possibilities for greater improvements. Algoma is actively exploring these advancements to identify their long-term viability and feasibility for a greener future on the Great Lakes – St. Lawrence Seaway.

Today, the Parliamentary Secretary to the Minister of Transport and Member of Parliament for Niagara Centre, Vance Badawey, on behalf of the Minister of Transport, Pablo Rodriguez, announced $1.7 million for 14 projects under the Green Shipping Corridor Program’s Clean Vessel Demonstration stream. Algoma received five grants totalling almost $600,000.

“At Algoma, we believe research must come first,” a spokesperson said in a media release issued today. “This is not to stall innovation but to ensure we get it right.”

Click here to read more.


Photo credit: Yingyaipumi / Adobe Stock

Inflation rate slows to 2.7% in June while food prices continue to rise

The Consumer Price Index (CPI) rose 2.7% on a year-over-year basis in June, down from a 2.9% gain in May. The deceleration was largely the result of slower year-over-year growth in gasoline prices, which rose 0.4% in June following a 5.6% increase in May. Excluding gasoline, the CPI rose 2.8% in June.

Moderating the deceleration was an increase in prices for food purchased from stores (+2.1%), as well as a smaller decline for cellular services in June (-12.8%) compared with May (-19.4%).

Click here to read more.


Photo Credit: Alectra Utilities

Alectra invests $7.9M in St. Catharines to enhance reliability and meet growing energy demands

Alectra Utilities announced a significant investment of $7.9 million in capital renewal projects to enhance the reliability, and meet the growing energy demands, in the City of St. Catharines. As the community continues to expand, Alectra is committed to renewing and modernizing the electricity infrastructure to help ensure reliable service for both residential and commercial customers.

Alectra set an exceptional reliability record in 2023, with customers experiencing approximately one outage per year on average and less than one hour without power annually. This places Alectra among the leaders in reliability among Ontario’s Local Distribution Companies (LDCs).

Click here to read more.


Photo credit: City of Welland

Welland set to host three national flatwater events

Between July and October, the Can American Club Crew Championships, the Canoe Kayak Canada Sprint National Championships, and the Rowing Canada Aviron National Rowing Championships will draw athletes and spectators from across the country and the United States. Each of these events will happen at the Welland International Flatwater Centre.

“We’re thrilled to host these prestigious flatwater events in Welland,” said Erin Carl, supervisor of festival and events.

Click here to read more.


Photo credit: Pixel-Shot / Adobe Stock

West Lincoln Council votes to fill vacancy via by-election

At the July 15 Council (including all Committees) meeting, West Lincoln Council directed the Township Clerk to proceed with a by-election to fill the vacant Ward 3 Councillor position. The Council vacancy was declared at the June 24 Council meeting in accordance with section 259(c) of the Municipal Act.

The process to fill a vacancy via by-election is regulated by the Municipal Elections Act. A by-election is conducted following the same rules as a regular election, with the exception of some unique time frames and deadlines.

Click here to read more.


Photo credit: Indrid, Cold / CC BY-SA 2.0

Government of Canada releases new Green Buildings Strategy

Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, released Canada’s first Green Buildings Strategy.

Greenhouse gas emissions associated with heating and cooling are the cause of buildings being Canada’s third-largest emitting sector (after oil and gas and transportation). The Strategy helps Canadians adopt heat pumps and save money on their energy bills through programs targeted at low- and median-income households like the new Canada Greener Homes Affordability program and the Oil to Heat Pump Affordability Program.

Click here to read more.


Did you know?

More than half of all Canadian businesses are in Ontario or Quebec.


Focus on Human Resources

Why are so many Canadian youth unemployed?

The youth unemployment rate in Canada has recently soared, and one expert is pointing to workers from other countries coming to Canada as one of the reasons.

The overall unemployment rate for youth (aged 15 to 24) rose 0.9 percentage points to 13.5 per cent in June, according to a report from Statistics Canada (StatCan).

That number was the highest rate since September 2014, outside of 2020 and 2021 during the pandemic, according to the report.

On a year-over-year basis, the youth unemployment rate was up 2.1 percentage points in June 2024.

Deteriorating business sentiment among employers and the surge in newcomers are responsible for this trend, said Brendon Bernard, economist with Indeed Canada.

Click here to read more.


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.


Share this: