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Greater Niagara Chamber of Commerce

Daily Update: March 9, 2026

In this edition:

  • Royal George demolition pushed back again
  • Stock markets shudder worldwide after oil prices briefly spike to nearly $120 per barrel
  • 40 Under Forty Business Achievement Awards nominations close tomorrow
  • Restaurants and bars record moderate growth, while caterers see boom from return-to-office trend
  • Not just oil: Fertilizer prices spike amid Iran war, worrying Canadian farmers
  • Watch out for AI-generated government impersonators, Competition Bureau warns
  • Canada’s new trade team meets Trump’s trade czar in Washington to talk CUSMA review
  • Focus on Retail

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Advisory for Growing Businesses | DJB Chartered Professional Accountants


Is Your Workplace Legally Covered?
A 2026 Risk Update for Ontario Employers

Most Ontario employers believe they are legally compliant — until a situation tests that assumption.

  • A resignation turns into a claim.
  • A complaint requires a formal investigation.
  • A termination exposes outdated contract language.
  • A medical disclosure triggers accommodation obligations leadership wasn’t prepared to navigate.

In 2026, being “legally covered” requires more than having policies in place. Employment standards enforcement has tightened, workplace investigation expectations have evolved, accommodation responsibilities demand structured documentation, and health and safety oversight now extends beyond physical hazards.

Compliance is no longer static. It is operational.

The question is not whether you value your employees. It is whether your systems would withstand scrutiny if reviewed tomorrow.

This risk update outlines where exposure is most commonly emerging for Ontario employers and what being truly covered looks like today.

Click here to read more.

Featured content by HR with Intent


Picture credit: Unity Design Studio

Royal George demolition pushed back again

With the rescheduling of the Feb. 26 judicial review of legal action related to the construction of the new Royal George Theatre on Queen St. in Niagara-on-the-Lake, Shaw Festival finds itself unable to start demolition of the current theatre until at least March 17.

Click here to read more.


A row of gas pumps with a financial chart overlaid

Image credit: Fxquadro / Adobe Stock

Stock markets shudder worldwide after oil prices briefly spike to nearly $120 per barrel

Stock markets shuddered worldwide on Mar. 9 on worries about whether the global economy can withstand spiking prices for oil, which briefly got to nearly $120 per barrel, their highest level since four summers ago.

The S&P 500 fell 1.3 per cent, coming off its worst week since October. The Dow Jones Industrial Average was down 721 points, or 1.5 per cent, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.2 per cent lower. That followed even worse losses in European and Asian stock markets.

Click here to read more.


Picture credit: Business Link Media Group

40 Under Forty Business Achievement Awards nominations close tomorrow

Since its launch in 2004, 40 Under Forty has honored 880 outstanding professionals across diverse sectors, including business, technology, healthcare, education, and the arts. This is your opportunity to nominate inspiring candidates who demonstrate professional excellence and a commitment to making a difference in the Niagara region.

Click here to read more.


A chef adds a garnish to a dish in a restaurant

Photo credit: weyo / Adobe Stock

Restaurants and bars record moderate growth, while caterers see boom from return-to-office trend

Operating revenue for the food services and drinking places subsector rose 4.8% to $99.6 billion in 2024, Statistics Canada reported today. This increase was consistent with higher food prices.

Operating revenue for the special food services industry group—which includes food service contractors, caterers and mobile food services—was up 10.9% year over year to $7.8 billion in 2024. This subsector-leading growth was partly supported by increased return-to-office requirements across both the public and private sectors.

Click here to read more.


An irrigation system waters a soybean field

Picture credit: Dusan Kostic / Adobe Stock

Not just oil: Fertilizer prices spike amid Iran war, worrying Canadian farmers

Christine McKee is alarmed by the skyrocketing cost of fertilizer that’s crucial to operating her southern Alberta farm.

The average cost of urea — a widely-used type of fertilizer — has increased rapidly since the U.S.- and Israel-led offensive against Iran brought war to a region critical to its global supply.

Click here to read more.


Robotic hands type on a laptop next to stacks of coins

Picture credit: Andrey Popov / Adobe Stock

Watch out for AI-generated government impersonators, Competition Bureau warns

Artificial intelligence (AI) is giving fraudsters powerful new tools to deceive. Scammers are using AI to impersonate government officials, politicians, and other high-profile leaders with a level of realism that’s harder than ever to spot.

These impersonation tactics are used to steal money, collect personal information, install malware, and spread false information.

Click here to read more.


The U.S. and Canadian flags juxtaposed

Picture credit: Pixel-Shot / Adobe Stock

Canada’s new trade team meets Trump’s trade czar in Washington to talk CUSMA review

Canada’s new chief trade negotiator to the United States met her American counterpart in Washington on Friday as Ottawa sought to steady the bilateral relationship ahead of a review of the critical continental trade pact.

Click here to read more.


Focus on Retail

March 7, 2026 marks one year since Hudson’s Bay sought creditor protection under the Companies’ Creditors Arrangement Act, a moment that fundamentally reshaped Canada’s retail landscape. For many observers, the Hudson’s Bay CCAA filing marked the collapse of a 355-year-old institution that had been woven into the country’s commercial and cultural fabric since the fur-trading era.

The filing ultimately led to the complete liquidation of Hudson’s Bay’s Canadian operations, the closure of its stores, and the loss of thousands of jobs. More broadly, it accelerated conversations about the future of department stores, the evolution of shopping centres, and the changing nature of retail real estate in Canada.

Retail expert Carl Boutet, who commented extensively on the situation during the unfolding proceedings, says the outcome was not entirely surprising when viewed through the lens of the company’s ownership structure and financial burden.

Click here to read more.


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.

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