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Greater Niagara Chamber of Commerce

Daily Update: May 11, 2022

St. Catharines Farmers Market kicks off expanded special events, Government of Canada launches online portal to support Ukrainians, and more.

In this edition:

St. Catharines Farmers Market kicks off expanded special events
Government of Canada launches online portal to support Ukrainians
Gas prices push record highs

St. Catharines Farmers Market kicks off expanded special events


From cooking demonstrations to live music the St. Catharines Farmers Market will be more than just a place to grab top-quality local produce and foods this summer.

Starting May 14, a selection of special events — some new and some returning — will be featured on Saturdays at the market, all summer long. Events include the return of the Market Discovery Table and Music in the Square concert series, alongside new cooking demonstrations and a community engagement series.


Click here to read more.

Government of Canada launches online portal to support Ukrainians

Recognizing Canadians’ generosity and the interest expressed by companies in supporting Canada’s response to the crisis in Ukraine, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, today launched the new Canadian Industry for Ukraine donation portal. Through this online portal, Canadian businesses can provide offers of high-priority goods and services to support displaced Ukrainians and the organisations providing aid and resettlement services. At this time, the focus is on large-scale donations, including temporary housing, gift cards for the purchase of priority items, transportation and jobs for those arriving in Canada.

Click here to read more.

Gas prices push record highs as demand surges, supply constrained

Drivers across Canada can expect more pain at the pumps on Wednesday as gasoline prices push new records.

Natural Resources Canada says the average price in Toronto on Tuesday for regular gasoline crept up to just slightly under $2 a litre, while the average across Canada hit 197.4 cents per litre for an all-time high.

The Canada-wide average price inched up slightly from 197.1 cents per litre on Monday, while prices are up more that twelve cents from a week ago.

Click here to read more.

Reading Recommendations

Bitcoin touches 11-month low while TerraUSD extends declines

BNN Bloomberg

Bitcoin swung between gains and losses after tumbling to an almost 11-month low, while the TerraUSD stablecoin continued its downward spiral.

The world’s largest cryptocurrency by market value fell as much as 6.2 per cent to US$29,085 before trading little changed. Analysts had been watching the US$30,000 level as a key threshold, with many projecting that losses could accelerate once the coin falls below it.

Meanwhile, the TerraUSD algorithmic stablecoin continued to spiral lower, trading at less then 30 cents. Backers of the coin are trying to raise about US$1.5 billion to shore up the token after it crashed from its dollar peg, according to the founder of a firm that was approached about the deal.

Click here to read more.

The Election Section

Niagara poll tracker

Chart by Visualizer

Provincial poll tracker

Chart by Visualizer

The 338Canada project is a statistical model of electoral projections based on opinion polls, electoral history, and demographic data.

GNCC election platform

The GNCC asks that the next Government of Ontario financially support recovery and growth by expanding programs that support small businesses with technology and online marketplace adoption. The last two years saw a massive acceleration in e-commerce, remote work, and the uptake of technology. Ontario’s small businesses and solopreneurs will need to compete in a global and online market for sales, supplies, and workers. The Government of Ontario must enable their success.

Click here to read the full platform.

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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