In this edition:
- ATTCH Niagara among recipients of Ontario Corps funding
- Niagara Falls Public Library named new EarlyON provider
- Economic fears continue to drive consumer caution and business pessimism
- Unionized workers at Canada Post to start voting on contract offer
- West Lincoln Memorial Hospital opening postponed
- Industrial product and raw materials price growth continues to slow
- Skills Ontario hosts 31 trades and tech camps
- Focus on Finance & Economy
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Picture credit: ATTCH Niagara
ATTCH Niagara among recipients of Ontario Corps funding
ATTCH Niagara is receiving $262,000 to provide trauma training for emergency management personnel and record for future use, develop a “train the trainer” manual, and train trauma-specialized facilitators. They will also train volunteer therapists across Ontario, create a heat map of volunteer locations, as well as lead several additional training initiatives.
The funding is part of a $10 million package of emergency preparedness grants to strengthen the response capabilities of Ontario Corps partners around the province and ensure they can get boots on the ground quickly in case of an emergency.
Picture credit: clovermoss / CC BY-SA 4.0
Niagara Falls Public Library named new EarlyON provider in Niagara Falls and Niagara-on-the-Lake
Niagara Region and Niagara Falls Public Library are pleased to announce the Library will be the new service provider for EarlyON Child and Family Centres in Niagara Falls and Niagara-on-the-Lake.
With a strong track record of delivering high-quality programs for children and families, the Library will bring its expertise and accessible, welcoming spaces to the delivery of EarlyON services in both communities.
Photo credit: Elena Berd /Adobe Stock
Economic fears continue to drive consumer caution and business pessimism in BoC survey
Consumers continued to see the labour market as soft, the Bank of Canada’s Canadian Survey of Consumer Expectations revealed today. Fears of job loss remain elevated, but have declined slightly since last quarter. The trade conflict is leading consumers to become increasingly cautious about their spending plans and to change their spending behaviour.
Among businesses, sales outlooks remain pessimistic overall due to widespread concerns about the broader effects of a slowing economy. Uncertainty continues to drive cautiousness in outlooks for hiring and investment. Most firms expect to maintain current staffing levels and limit investment to regular maintenance over the next 12 months.
Photo credit: Kevin Brine / Adobe Stock
Unionized workers at Canada Post to start voting on contract offer
Unionized workers at Canada Post begin voting on the Crown corporation’s latest contract offer on Jul 21. The Canadian Union of Postal Workers is urging that they reject the proposal.
Canada Post is at an impasse with the union representing roughly 55,000 postal service workers after more than a year and a half of talks.
Picture credit: Hamilton Health Sciences
West Lincoln Memorial Hospital opening postponed
The opening of the new West Lincoln Memorial Hospital is being postponed as construction crews face “recent complexities and procurement challenges.”
Hamilton Health Sciences said hospital staff were notified Monday the opening planned for Oct. 27 is being rescheduled due to a delay in substantial completion.
Picture credit: jovannig / Adobe Stock
Industrial product and raw materials price growth continues to slow
In June, prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 0.4% month over month and increased 1.7% year over year. Meanwhile, prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 2.7% month over month and grew 1.1% year over year.
Picture credit: Ermolaev Alexandr / Adobe Stock
Skills Ontario hosts 31 trades and tech camps
In what is its largest offering since the program was launched, Skills Ontario is hosting 31 Trades and Tech summer camps in July and August.
Geared to children entering Grades 7 to 9, the one-week-long camps are comprised of a number of hands-on industrial, construction, motive power, service and technology sector workshops.
Focus on Technology
How economic uncertainty disrupts investment
The Bank of Canada
A dollar you invest today can earn you more money in the future—if you invest it wisely. That’s a basic principle of investment, and it holds true whether you are a person investing in the stock market or a company investing in its own operations. But any investment carries some level of risk and business investment is no different. When businesses make a major investment in their operations, they often borrow money to do so and pay it back over several years. To make this type of commitment, they need to be confident about the future.
Business leaders tell us about many different sources of economic uncertainty that can affect their investment decisions, including:
- economic and political conditions, both domestic and global
- challenges accessing financing
- trade policy and tariffs
Increased uncertainty makes it more difficult to know whether an investment will work out, even if a business knows it could have a big pay off in the long run.
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.
