In this edition:
- ‘Flagship’ Starbucks opens at base of Clifton Hill in Niagara Falls
- Downtown Grimsby business owners call for parking garage
- 10-storey ‘luxury condo hotel’ rejected for Crystal Beach
- Billions in carbon rebates for small businesses won’t be taxed, Ottawa confirms
- NY and Ontario business leaders urge resolution as tariff deadline approaches
- Empire and Lactalis Canada become first companies to sign on to grocery code of conduct
- Ontario will prioritize electricity for data centres that advance provincial economic interests
- Focus on Canada-U.S. Business
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Photo credit: ManuPadilla / Adobe Stock
‘Flagship’ Starbucks opens at base of Clifton Hill in Niagara Falls
A new “flagship” Starbucks has opened in the heart of Niagara Falls’ tourist district.
Officials celebrated the opening of Niagara Adventure Excursion’s Starbucks franchise at Grand View Marketplace last week.
Picture credit: hrui / Adobe Stock
Downtown Grimsby business owners call for parking garage
Some downtown Grimsby business owners are calling for construction of a parking garage to meet a growing demand for parking in the area.
Town officials said downtown area parking lots off Christie and Elizabeth streets plus Balsam Lane and at the Grimsby Lions Community Pool off Elm Street could be configured to add as many as 100 parking spaces to the downtown.
Picture credit: Destination Ontario
10-storey ‘luxury condo hotel’ rejected for Crystal Beach
A controversial plan to erect a 10-storey, 100-unit condominium building in Crystal Beach has been shot down by Fort Erie town council.
The proposed development for 3856 Terrace Ln. and Crystal Beach Drive had drawn immediate criticism from councillors and residents alike, who voiced concerns about compatibility, environmental impact and inadequate parking.
Photo credit: Andrii Yalanskyi / Adobe Stock
Billions in carbon rebates for small businesses won’t be taxed, Ottawa confirms
Small businesses may not have to pay income tax on carbon rebates they receive, if draft legislation issued by federal Finance Minister Francois-Philippe Champagne Monday comes to pass.
Picture credit: Oleksii / Adobe Stock
NY and Ontario business leaders urge resolution as tariff deadline approaches
The Business Council of New York State (BCNYS) and the Ontario Chamber of Commerce (OCC) have issued a joint statement urging a swift resolution to trade issues between the U.S. and Canada, a reversal of tariffs imposed since January, and the launch of an orderly review of the U.S.-Canada-Mexico Agreement (USMCA).
Picture credit: Prashanth Bala / Adobe Stock
Empire and Lactalis Canada become first companies to sign on to grocery code of conduct
Sobeys parent company Empire Co. Ltd. has officially signed on as the first retailer member of Canada’s new grocery code of conduct, as work continues to develop governance rules for members ahead of a full implementation by Jan. 1.
The Office of the Grocery Sector Code of Conduct said on Jul. 2 that dairy product-maker Lactalis Canada has also signed on as the first supplier member of the code.
Picture credit: elbanco / Adobe Stock
Ontario will prioritize electricity for data centres that advance provincial economic interests
The Ontario government is taking action to prioritize electricity for data centres that support the province’s economic interests, including those that create high-quality jobs, assist in domestic data hosting and strengthen Ontario’s position in the digital economy.
The current load data centres requesting to be connected to Ontario’s grid represents approximately 30 per cent of Ontario’s peak demand in 2024, or the output of a nuclear plant the size of Bruce Power Nuclear Generating Station.
Focus on Canada-U.S. Business
Not ‘easy, fast or cheap’: The big changes needed for Canada to diversify trade away from U.S.
John MacFarlane, Yahoo!Finance
Developing the infrastructure necessary to make Canada’s economy less dependent on trade with the U.S. “will not be easy, fast, or cheap,” and will require refocusing investment priorities, a new report from Scotiabank Economics says.
The report by senior policy advisor John McNally points out that government infrastructure programs launched long before the current trade tensions with the U.S. began to unfold have “not been able to keep up with existing demand, let alone support growth.” They also focus largely on road and rail infrastructure, while increasing exports to other countries would necessarily require a focus on marine and air.
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.
