In this edition:
- Domaine Le Clos Jordanne has a winery to call home
- General Motors reassessing plan to build electric vehicle motors in St. Catharines
- ENERGY STAR® Canada Recognizes Leaders in Energy Efficiency
- Foreign streamers must pay into fund to boost Canadian content, CRTC says
- Minister Champagne announces a new governance framework for cleantech funding
- Focus on Finance and Economy
Domaine Le Clos Jordanne has a winery to call home
Domaine Le Clos Jordanne’s dream of crafting exceptional Burgundian-style wines in Niagara takes a momentous step forward with the opening of their first estate winery on the Beamsville Bench. This isn’t just about bricks and mortar; it’s about a deep commitment to showcasing the unique terroir of Niagara, a region often compared to Burgundy’s prestigious Côte d’Or.
The new estate gives Domaine Le Clos Jordanne’s winemaking operations a physical home for the first time, and a winery experience for guests to learn, engage, taste and shop the award-winning wines. Grapes are grown on “Old World Vines” imported from an award-winning luxury winery in the heart of Burgundy, France and are the classic noble varietals from the region.
General Motors reassessing plan to build electric vehicle motors in St. Catharines
General Motors Canada is having a second look at the timing of its plans to build motors for electric vehicles at its St. Catharines propulsion plant.
Asked if it was pausing its plan to transition to producing electric vehicle components on Glendale Avenue, Natalie Nankil, director of corporate and internal communications at GM Canada, said the company is assessing the timing of the move.
The plant produces engines and transmissions for GM assembly plants worldwide and employs more than 1,000 workers.
“Work continues to retool the V-6 engine and 6-speed transmission lines at St. Catharines Propulsion Plant to make way for EV drive units and we are assessing the timing for that transition,” Nankil said in an email. “We will continue with our long-standing strategy of building to demand for our propulsion technologies.”
ENERGY STAR® Canada Recognizes Leaders in Energy Efficiency
Energy efficiency is a critical solution for addressing climate change, cutting emissions and helping Canadians reduce their energy costs. The Government of Canada is pleased to be supporting ENERGY STAR Canada award recipients on our path to achieve a low-carbon future.
Through the ENERGY STAR Canada Awards, ENERGY STAR Canada program recognizes contributions made by outstanding program participants in advancing energy efficiency nationwide. Each year, this event honours and celebrates energy efficiency leaders who raise the bar on efficiency efforts.
Foreign streamers must pay into fund to boost Canadian content, CRTC says
Online streaming services operating in Canada will be required to contribute five per cent of their Canadian revenues to support the domestic broadcasting system, the country’s telecoms regulator said today.
The money will be used to boost funding for local and Indigenous broadcasting, officials from the Canadian Radio-television and Telecommunications Commission (CRTC) said in a briefing.
“Today’s decision will help ensure that online streaming services make meaningful contributions to Canadian and Indigenous content,” wrote CRTC chief executive and chair Vicky Eatrides in a statement.
The measure was introduced under the auspices of a law passed last year designed to make sure that companies like Netflix make a more significant contribution to Canadian culture.
The government says the legislation will ensure that online streaming services promote Canadian music and stories, and support Canadian jobs.
Minister Champagne announces a new governance framework for cleantech funding
The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, made the following statement: “Sustainable Development Technology Canada (SDTC) has played a critical role in the growth and success of the clean technology sector in Canada. A new governance approach will strengthen oversight and accountability to meet today’s expectations of stewardship.
Over the coming months, SDTC programming will transition to the National Research Council of Canada (NRC). The NRC’s vast experience supporting innovative, tech-focused SMEs, under programs such as the Industrial Research Assistance Program (IRAP), makes it an ideal choice to take on the responsibility of supporting homegrown clean technology companies. As a Government of Canada organization, the NRC is subject to rigorous and stringent oversight of its personnel and finances. This structure will help rebuild public trust while increasing accountability, transparency and integrity.”
Please click the link for a complete list of businesses and organizations who were recognized as ambassadors of energy efficiency and as examples of the value of investing in smart energy choices.
Did you know?
Porsche revealed the first-ever production hybrid version of its iconic 911 sports car, with a starting price of $164,900.
Focus on Finance and Economy
New policies driving economic growth could solve Canada’s productivity emergency, says RBC
Financial Post, Naimul Karim
One way to resolve Canada’s declining productivity may be to just drop the “technical term” from conversations and simply focus on creating policies that can help the economy grow, according to one Royal Bank of Canada economist.
These policies include things such as cutting red tape and internal trade barriers, making better use of immigrants’ skills, adopting new technologies and making tax policies more attractive for investment, said Nathan Janzen, the bank’s deputy chief economist, who published a report on Tuesday that detailed ways to improve the country’s productivity levels.
“Looking at some of the solutions to Canada’s productivity gap, you don’t really need to talk about productivity,” he said. “These are the kinds of things we should be doing even if we had the strongest productivity levels in the world.”
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.
