In this edition:
- Ontario’s first flying theatre experience to debut in Niagara
- PM Carney unveils cabinet with two dozen new ministers
- Ontario permanently cutting Gas Tax and taking tolls off Highway 407 East
- Port Colborne to hold open houses on ward boundary review
- Honda postpones $15-billion EV investment project in Ontario citing market demand
- Niagara-on-the-Lake Museum becomes latest Living Landmark
- Focus on Markets
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Picture credit: Niagara Parks
Ontario’s first flying theatre experience to debut in Niagara
Niagara’s newest must-see attraction will open its doors to visitors on August 29. Niagara Takes Flight is Ontario’s first flying theatre experience, featuring a massive, 180-degree domed screen that invites guests to soar above the region’s most iconic landscapes and get closer than ever to Niagara Falls.
Picture credit: Office of the Prime Minister of Canada
PM Carney unveils cabinet with two dozen new ministers
Today, the Prime Minister, Mark Carney, announced the members of Canada’s new Ministry. There are several returning longtime ministers from Trudeau’s cabinet, including François-Philippe Champagne, Dominic LeBlanc, Melanie Joly, Steven MacKinnon, Steven Guilbeault and Chrystia Freeland, while others are new, including several elected to Parliament for the first time in 2025.
Photo credit: Gilberto Mesquita / Adobe Stock
Ontario permanently cutting Gas Tax and taking tolls off Highway 407 East
The government of Ontario is enacting a plan to permanently cut the gasoline and fuel tax rates, which would save households, on average, about $115 per year going forward. The government is also proposing to remove tolls from the provincially owned Highway 407 East, which is expected to save daily commuters an estimated $7,200 annually.
Picture credit: City of Port Colborne
Port Colborne to hold open houses on ward boundary review
The City of Port Colborne is hosting two open houses on May 14 & 15 to gather information from residents regarding the number of Councillors in Port Colborne and where ward boundaries should be drawn. Residents can also share input by completing this ward boundary review survey: https://www.surveymonkey.com/r/PC_WBR2
Picture credit: BGStock72 / Adobe Stock
Honda postpones $15-billion EV investment project in Ontario citing market demand
Honda has postponed a $15-billion electric vehicle project in Ontario citing market demand.
It marks the biggest project delay yet in Canada blamed on the weakened outlook for EV sales, which has been made all the more uncertain because of actions by the Trump administration.
Asahi Kasei Corp. said that the planned start of operations at the Port Colborne battery separator plant in 2027 remains unchanged, and they expect this change to have minimal impact on operations.
Picture credit: Niagara-on-the-Lake Museum
Niagara-on-the-Lake Museum becomes latest Living Landmark
Focus on Markets
Nissan slashes 15% of its global work force as the Japan automaker sinks into losses
Nissan is slashing about 15% of its global work force, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended amid slipping vehicle sales in China and other nations, and towering restructuring costs.
Nissan Motor Corp. said it will reduce the number of its auto plants to 10 from 17, under what it called its recovery plan to carry out “decisive and bold actions to enhance performance and create a leaner, more resilient business that adapts quickly to market changes.” It did not say which plants were being closed but confirmed the closures will include factories in Japan.
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.
