In this edition:
- Government of Canada invests in Community Capacity and Innovation to prevent and reduce homelessness
- Wholesale sales reported the largest monthly gain in sales since November 2021
- Statistics Canada reports an increase of 11.3 per cent in new motor vehicle sales
- Canada’s standard of living is falling behind the rest of the developed world
- Ontario supporting local projects to protect the Great Lakes
- Welland Heritage Council’s Employment Solutions opens Niagara Falls location
Government of Canada invests in Community Capacity and Innovation to prevent and reduce homelessness
Today, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, announced an investment of $5.3 million to support 12 initiatives through the Community Capacity and Innovation (CCI) stream of Reaching Home: Canada’s Homelessness Strategy to build capacity within the homeless-serving sector and to reduce and prevent homelessness.
Through CCI stream, the Government of Canada is providing communities with the tools, supports, technical assistance, and training they need to move forward with Reaching Home implementation and address homelessness using a more coordinated, systems-based and data-driven approach.
The Niagara Resource Service for Youth (The RAFT) received $446,437.
Wholesale sales reported the largest monthly gain in sales since November 2021
Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 3.5% to $83.6 billion in May. The reported gain in sales was the largest monthly increase since November 2021.
Sales increased in four of the seven subsectors. The growth in sales was led by the machinery, equipment and supplies, the miscellaneous, and the motor vehicle and motor vehicle parts and accessories subsectors, representing slightly over half of the sector sales. Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) were higher (+3.8%) than in May 2022.
Statistics Canada reports an increase of 11.3 per cent in new motor vehicle sales
According to Statistics Canada, new motor vehicle sales in May 2023 totaled 165,568 units, reflecting an increase of 11.3 per cent month-on-month and an increase of 22.5 per cent year-on-year.
By value, Canadian vehicle sales in May totaled $9.36 billion, compared to $8.02 billion in April and $7.60 billion in May 2022.
Canada’s standard of living is falling behind the rest of the developed world
What looks like a solid economic recovery from the pandemic actually masks an underperformance in standard of living that is among the worst of advanced economies, says a new report by TD Economics.
“Economic growth does not necessarily equate to economic prosperity,” said TD economist Marc Ercolao.
On the surface Canada’s economic growth looks healthy. “Supercharged” immigration and population growth helped drive a quick recovery in activity after the pandemic, particularly in consumption and the housing market.
“While aggregate GDP is one thing, standard-of-living is another, and when Canada’s economic performance is adjusted for the rising population count, it reveals a picture that leaves much to be desired,” said Ercolao.
Ontario supporting local projects to protect the Great Lakes
The Ontario government is investing $6 million to support 30 multi-year projects to help protect, conserve and restore the Great Lakes. These investments will help reduce plastic litter, excess nutrients and road salt entering lakes, rivers and streams, advance climate resiliency, and make significant progress on restoring environmentally degraded areas of the Great Lakes.
Nike permanently ends sponsorship of Hockey Canada
Nike has permanently ended its sponsorship of Hockey Canada, after the company temporarily paused its support for the hockey organization following backlash over its handling of allegations of sexual assaults and funding for settlements of these claims.
“Nike is no longer a sponsor of Hockey Canada,” reads the statement Nike sent to CTV News on Monday. “We will continue to provide on-ice product for Hockey Canada athletes as part of our partnership with the International Ice Hockey Federation, but our individual partnership with the federation has ended.”
Welland Heritage Council’s Employment Solutions opens Niagara Falls location
When the Welland Heritage Council and Multicultural Centre (WHCMC) was brought in by Immigration, Refugees and Citizenship Canada to help thousands of refugees being housed in several Niagara Falls hotels, its executive director said it was the start of a monumental effort to make sure the newcomers had supports in place to help.
Now, efforts are being turned toward helping those remaining in the city find jobs and that’s where Employment Solutions, a subsidiary of WHCMC comes into play. A new location has been opened on Dorchester Road in Niagara Falls to assist with just that.
Did you know?
“Yahoo” is an acronym for “Yet Another Hierarchical Officious Oracle.”
Focus on Equity, Diversity and Inclusion
Struggling to meet your DEI&B goals? Start with inclusion, not diversity
Naomi Titleman Colla, Globe and Mail
Over the past couple of decades, organizations’ Diversity agenda has evolved from D&I (plus inclusion) to DE&I (plus equity) to DEI&B (plus belonging).
Progressive companies now recognize that DEI&B is a key component of organizational well-being, and is much broader than candidate slates, programs and employee resource groups. Many organizations have committed to doing better, by hiring chief diversity officers and elevating DEI&B as a top priority across employee and customer groups. But have we been putting the cart before the horse by focusing on diversity first and inclusion second?
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.
