Your browser is not supported

Your browser is too old. To use this website, please use Chrome or Firefox.

Greater Niagara Chamber of Commerce

Daily Update: May 3, 2022

Ontario 2022 election campaign to officially begin Wednesday, Ontario invests $4 million in Hospice Niagara, and more.

In this edition:

Ontario 2022 election campaign to officially begin Wednesday
Ontario invests $4 million in Hospice Niagara
Brock preparing for full return to campus

Ontario 2022 election campaign to officially begin Wednesday

Premier Doug Ford is set to meet with the province’s lieutenant-governor on Tuesday to request that the Ontario Legislature be dissolved, his office says.

Elizabeth Dowdeswell will likely accept his recommendation, and the writs for the provincial election can then be officially signed.

That means the 2022 election campaign will officially kick off Wednesday, with the vote scheduled for June 2.

The parties have already been unofficially campaigning for weeks, with two out of the three major parties having released their platforms.

Click here to read more.

Ontario invests $4 million in Hospice Niagara

The Ontario government is investing $4 million to expand Hospice Niagara by adding two new Hospice Palliative Care Centres of Excellence in Welland and Fort Erie. Hospice Niagara currently operates 10 hospice beds out of its St. Catharines site. The two new hospice palliative care centres will add 20 new hospice beds, bringing the total number of hospice beds operated by Hospice Niagara to 30 for all of Niagara.

Once open, the province will provide an additional $2.1 million annually in operational funding to support end-of-life care services for more than 500 people per year at the two new centres. This funding is in addition to the nearly $1 million provided annually to support end-of-life care at Hospice Niagara’s existing site in St. Catharines.

Click here to read more.

Brock preparing for a full return to campus in September

On-campus operations are expected to return to pre-pandemic levels and all activities placed on hold due to public health measures will resume as planned. At this time, the expectation is that almost all classes will be taught on campus.

Brock’s vaccine and mask requirements currently in place will remain for the Spring/Summer Term. Given the rapidly evolving public health situation, it remains to be determined whether these requirements will remain in place for the Fall Term. Further information will be provided as September approaches.

Click here to read more.

Reading Recommendations

Bank of Canada’s Carolyn Rogers seeks to shore up central bank’s credibility amid political attacks

Financial Post

Senior deputy governor Carolyn Rogers re-affirmed the Bank of Canada’s independence from the federal government in her first speech since taking the second-in-command post at the country’s central bank.

In a speech before the Women in Capital Markets in Toronto on May 3, Rogers also emphasized trust and credibility in the central bank as being vitally important during the pandemic and vowed to keep this trust moving forward.

“We talk about things that can seem abstract to most people — growth, output, productivity,” Rogers said. “And our decisions take time and have to work through other parts of the economy before they directly affect Canadians. We can seem a little mysterious.

“But mysterious is not what we’re aiming for,” she added. “What we’re aiming for is trust.”

Click here to read more.

Canadians trail Americans in desire to use and invest in crypto: Poll

Canadian Press/Bloomberg

Canadians are less likely than Americans to use or invest in cryptocurrencies, says a new survey released Tuesday.

The Ipsos survey conducted as part of larger social sciences and humanities funded research project says 24 per cent of Americans would use Bitcoin or other cryptocurrencies to purchase goods and services, compared with 18 per cent of Canadians.

Americans would also be more likely than Canadians to use cryptocurrencies to avoid cross-border banking fees (19 per cent vs 14 per cent), shelter their wealth from taxes (17 per cent vs 11 per cent), and to send remittances across national borders (14 per cent vs 11 per cent).

The proportions are similar to those polled in Europe, but significantly lower than those in Latin America, Asia-Pacific, the Middle East and Africa.

Globally, 35 per cent of internet users surveyed, but just 24 per cent of Americans and 17 per cent of Canadians, said they’re likely to invest in Bitcoin and alternatives as a short-term investment.

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.

Share this: