In this edition:
- Construction begins for hotel redevelopment of former Toronto Power Generating Station in Niagara Falls
- Sights set on apartment buildings for former St. Catharines gun club land
- Carney says he’ll only sign a U.S. trade deal ‘in the best interest of Canadians’
- Ontario signs new free trade agreements with British Columbia and Canada’s three territories
- Niagara among regions not included in first national crime decrease in four years
- Focus on Finance & Economy
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Picture credit: Niagara Parks Commission
Construction begins for hotel redevelopment of former Toronto Power Generating Station in Niagara Falls
Transformation of the former Toronto Power Generating Station into a five-star boutique hotel near the brink of Horseshoe Falls is underway.
Through a public-private partnership with Niagara Parks, Toronto Power Hotel Inc. has begun preliminary work and site preparation for the $200-million redevelopment of the hydroelectric power station.
Picture credit: Alphabet / Google Street View screenshot
Sights set on apartment buildings for former St. Catharines gun club land
Contaminated lands of a former gun club in south St. Catharines could be cleaned up to allow the start of residential construction by next June, a Niagara Falls developer purchasing the property says.
John Lally of Lally Homes told city council he’s planning to start remediation in September when he takes possession of the property at 527 Glendale Ave., which was home to a gun club from 1969 to 2012.
Picture credit: Office of the Prime Minister of Canada
Carney says he’ll only sign a U.S. trade deal ‘in the best interest of Canadians’
The prospect of Canada reaching a trade deal with the United States by the Aug. 1 deadline appears uncertain, with Prime Minister Mark Carney insisting his government will only sign new agreement if there is one worth signing.
“The Government of Canada will not accept a bad deal,” Carney said in French in Huntsville, Ont., Tuesday. “Our objective is not to reach a deal whatever it costs. We are pursuing a deal that will be in the best interest of Canadians.”
Picture credit: Negro Elkha / Adobe Stock
Ontario signs new free trade agreements with British Columbia and Canada’s three territories
Photo credit: Niagara Regional Police Service
Niagara among regions not included in first national crime decrease in four years
The volume and severity of police-reported crime in Canada, as measured by the Crime Severity Index (CSI), decreased 4% in 2024, following three consecutive years of increases. This was the second decrease in a decade, with the other decline coinciding with the onset of the COVID-19 pandemic in 2020.
However, Niagara’s score on the crime severity index increased 6%, while the crime rate increased by 5%. Not all municipality-level increases are driven by crimes; some may be due to changes in tracking and reporting of crime, or pursuit of crimes at the bylaw rather than criminal level.
Focus on Finance & Economy
‘Buy Canadian’ is going strong except in one very important marketplace
Pamela Heaven, The Financial Post
Canadians say they are buying more domestic goods and steering clear of the United States on their holidays, but there is one area where the “Buy Canadian” movement appears to be falling short.
Canadian investors have been snapping up U.S. stocks at an unprecedented pace since President Donald Trump took office in January, according to recently released data from Statistics Canada on international securities transactions.
“So what kind of U.S. assets are Canadians buying? You name it,” said National Bank of Canada economist Warren Lovely in a note on the data.
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.
