In this edition:
- Niagara District Airport encouraged by provincial budget
- Hudson’s Bay to sell name, stripes, brands to Canadian Tire for $30 million
- St. Catharines farmers market moves outside for summer
- Canada Post report recommends phasing out daily door-to-door mail delivery
- Focus on Markets
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Picture credit: Niagara District Airport
Niagara District Airport encouraged by provincial budget
Niagara District Airport (NDA) is thrilled to see air access to Niagara as a priority of the Province of Ontario’s 2025 budget, announced this afternoon.
“We were excited to learn that improving air access to the Niagara region is a key priority for the Province of Ontario,” said Dan Pilon, Chief Executive Officer, Niagara District Airport.
Photo credit: Kevin Brine / Adobe Stock
Hudson’s Bay to sell name, stripes, brands to Canadian Tire for $30 million
Hudson’s Bay is getting a second life with a new owner — Canadian Tire Corp. Ltd.
Canadian Tire said Thursday that it will pay $30 million for intellectual property belonging to the retailer, which is Canada’s oldest company.
Picture credit: City of St. Catharines
St. Catharines farmers market moves outside for summer
Located at Market Square at 91 King St. in Downtown St. Catharines, Saturdays at the Farmers Market run from 7 a.m. to 2 p.m. and feature the return of Music in the Square on the Market Square stage from 11 a.m. to 2 p.m. (on most Saturdays) and opportunities to be better connect with local groups and organizations through the Community Engagement Series. Kicking off Saturday, May 17 the St. Catharines Farmers Market also expands outside until mid-October with more vendors and an outdoor seating area near the historic former Lincoln County Courthouse.
Picture credit: Blacqbook / Adobe Stock
Canada Post report recommends phasing out daily door-to-door mail delivery
The Industrial Inquiry Commission report on the labour dispute at Canada Post recommends phasing out daily door-to-door letter mail delivery for individual addresses, while daily delivery to businesses should be maintained.
It also says the moratoriums on rural post office closures and community mailbox conversions should be lifted.
Focus on Markets
U.S. consumer sentiment hits second-lowest reading on record
US consumer sentiment tumbled further in May as the impacts of President Trump’s tariff policies remained top of mind for Americans.
The latest University of Michigan survey released Friday showed sentiment hit its second-lowest reading on record. The index slid to a reading of 50.8, below the 52.2 seen last month and the 53.4 expected by economists. The reading was just shy of the all-time low of 50 seen in June 2022.
“Uncertainty over trade policy continues to dominate consumers’ thinking about the economy,” Survey of Consumers director Joanne Hsu wrote in the release. Hsu added that nearly 75% of respondents mentioned tariffs “spontaneously,” up from almost 60% in April.
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.
