In this edition:
- NPCA CAO leaves to join Conservation Halton
- Niagara Children’s Centre honours Tim Denis with legacy award
- Thorold withdraws from free federally-funded climate change program
- St. Catharines firm Fastek celebrates 31 years in business
- Government of Canada considering new tariffs on Chinese-made EVs
- Canada could have 63 million inhabitants by 2073: StatCan
- LCBO announces extended store hours ahead of potential July 5 strike
- BoC could cut interest rates again if inflation continues to slow: Economists
- Focus on Finance & Economy
NPCA CAO leaves to join Conservation Halton
The Niagara Peninsula Conservation Authority (NPCA) Board has announced the upcoming departure of its Chief Administrative Officer (CAO), Chandra Sharma, who will be leaving to join Conservation Halton as their new President and CEO. Chandra will begin her new position with Conservation Halton on September 9, 2024.
Niagara Children’s Centre honours Tim Denis with legacy award
The Niagara Children’s Centre has awarded CKTB’s Tim Denis with a legacy award. For over twenty-two years, Tim Denis used his platform to support the Niagara Children’s Centre.
On June 21st, he was presented with the Centre’s annual Dr. Orr Tribute Award at the organization’s employee recognition dinner.
Thorold withdraws from free federally-funded climate change program
Thorold city council has withdrawn from a national municipal climate change program, following the recommendation of city staff.
The Partners for Climate Protection program, headed by International Council for Local Environmental Initiatives Canada and administered by Federation of Canadian Municipalities, has about 500 municipalities on board.
St. Catharines firm Fastek celebrates 31 years in business
Fastek, a family-owned business from Niagara, has grown over 31 years to include three locations, two mobile stores, and an e-commerce website with thousands of products available for shipping across Canada. The company offers power tools, fasteners, safety equipment, scaffolding, and more. All are invited to celebrate Fastek’s 31st anniversary with a customer appreciation BBQ at the St. Catharines location on Thursday, June 27th.
Government of Canada considering new tariffs on Chinese-made EVs
The Government of Canada, reacting to “unfair competition” it has identified resulting from China’s intentional, state-directed policy of overcapacity and lack of rigorous labour and environmental standards, is considering potential policy responses, including a surtax under section 53 of the Customs Tariff. A 30-day consultation will open on July 2, 2024.
Canada could have 63 million inhabitants by 2073: StatCan
Today, Statistics Canada has released a new set of projections for Canada (2023 to 2073) and for the provinces and territories (2023 to 2048).
According to the various projection scenarios, Canada’s population, estimated at 40.1 million in 2023, would continue to grow over the coming decades to reach between 47.1 million and 87.2 million in 2073. According to the medium-growth scenario (M1), the Canadian population would reach 62.8 million people in 2073.
LCBO announces extended store hours ahead of potential July 5 strike
The LCBO has announced its plan for extended store hours ahead of a possible strike that could begin July 5 and is encouraging customers to shop early and stock up on their favourites before July 4.
The GNCC also reminds readers that many of your favourite Niagara-made wines, beers, and spirits are available directly. Click here to find yours in the GNCC member directory.
BoC could cut interest rates again if inflation continues to slow: Economists
The Bank of Canada’s decision to cut rates marked a major turning point in the central bank’s fight against inflation, which reached a peak of 8.1 per cent in mid-2022.
Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four years.
Did you know?
Focus on Finance & Economy
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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.
