In this edition:
- US may exclude sector-specific tariffs on April 2, reports say, but situation fluid
- These are the top economic issues that will dominate the campaign trail
- Federal government announces $19.25M investment in Port Colborne
- Ontario Marine Council presents arguments on proposed U.S. port fees
- Vineland library to benefit from $2M federal grant
- Government of Canada adjusts EI policies to support workers affected by tariffs
- Focus on Finance & Economy
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Picture credit: amazing studio / Adobe Stock
US may exclude sector-specific tariffs on April 2, reports say, but situation fluid
U.S. President Donald Trump is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2, the Wall Street Journal and Bloomberg reported, but a Trump administration official on Monday cautioned that the situation was fluid and no final decisions had been made.
Photo credit: Pixel-Shot / Adobe Stock
These are the top economic issues that will dominate the campaign trail
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From left: Port Colborne Mayor Bill Steele, Niagara South MP Vance Badawey, and Port Colborne CAO Bryan Boles | Picture credit: City of Port Colborne (supplied)
Federal government announces $19.25M investment in Port Colborne infrastructure
Vance Badawey, Parliamentary Secretary to the Minister of Transport & Internal Trade and Member of Parliament for Niagara Centre, has announced a $19.25 million federal investment to improve water, wastewater and stormwater infrastructure in the City of Port Colborne.
The announcement was part of a $369.5M infrastructure package made through the Canada Housing Infrastructure Fund (CHIF) direct delivery stream.
Picture credit: Abubakar / Adobe Stock
Ontario Marine Council presents arguments on proposed U.S. port fees on Chinese-built vessels
The Ontario Marine Council (OMC) presented recommendations today at U.S. Trade Representative (USTR) hearings in Washington regarding a proposal to establish new port fees targeting Chinese-built vessels.
The USTR proposal would impose levies of up to $3.5 million on Chinese-manufactured ships entering American ports, applying even to vessels manufactured elsewhere if operated by carriers with just one Chinese-made ship in their fleet.
Picture credit: Town of Lincoln
Vineland library to benefit from $2M federal grant
The Town of Lincoln has received a $2M federal grant to retrofit and expand the public library in Vineland. This funding was made available through the Green and Inclusive Community Buildings program, supporting 70 projects across multiple regions in Canada.
Photo credit: skrotov / Adobe Stock
Government of Canada adjusts EI policies to better support workers affected by tariffs
Steven MacKinnon, Minister of Jobs and Families, yesterday highlighted the Government’s intention to introduce new temporary employment insurance (EI) measures to support Canadian workers whose jobs are impacted by the current economic uncertainty caused by U.S. tariffs.
The temporary measures will be implemented through a pilot project and are in addition to the EI Work-Sharing Program temporary flexibilities announced by the Government of Canada on March 7, 2025.
Focus on Finance & Economy
The Liberals and Conservatives are proposing reducing the lowest income tax rate. What does that mean?
The first writ-period campaign promises from the major party leaders focused on your wallet.
Liberal Leader Mark Carney vowed to slash the lowest income tax bracket by 1 percentage point, dropping it from 15 to 14 per cent. Conservative Leader Pierre Poilievre went further – slightly — on Monday, promising a 2.25 point reduction.
But what does that mean tangibly for voters?
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.
