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Greater Niagara Chamber of Commerce

Home / Daily Update  /  Daily Update: November 22, 2024

Daily Update: November 22, 2024

November 22, 2024 | Daily Update

In this edition:

  • GNCC and Women in Niagara celebrate 2024 Women in Business Awards
  • Brock receives $2M to create Canada’s first Clean Plant Program
  • NC students secure second place at Ontario Colleges’ Marketing Competition
  • Consolidated government finances fell to $73.7B deficit in 2023
  • Food and beverage sales lead slight uptick in retail sector
  • Walmart Canada announces $46M wage investment for supply chain associates
  • Focus on Retail

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GNCC and Women in Niagara celebrate 2024 Women in Business Awards

Yesterday, the GNCC and Women in Niagara (WIN) celebrated the annual Women in Business Awards, handing out sixteen awards to women leaders doing incredible work in business, non-profits, healthcare, the public sector, and for our community.

Click here to watch the awards.

The statue of Sir Isaac Brock in front of Schmon Tower on the Brock University campus

Photo credit: Brock University

Brock receives $2M to create Canada’s first Clean Plant Program

Brock University has received a grant of $2M to create Canada’s first Clean Plant Program to support Ontario grape and wine production, by developing new growing and fermenting approaches to increase their resilience to threats such as pests, plant viruses and climate change. This is part of a Government of Ontario investment of over $92 million in research projects at universities, colleges, research institutes and research hospitals across the province.

Click here to read more.

Students from NC’s School of Business and Management

Picture credit: Niagara College

NC students secure second place at Ontario Colleges’ Marketing Competition

Niagara College (NC) students from the School of Business and Management excelled at the 2024 Ontario Colleges’ Marketing Competition (OCMC), earning second place overall.

Held November 14 to 15 at St. Clair College in Windsor, the OCMC provides a platform for marketing students across Ontario to showcase their skills.

Click here to read more.

Stacks of coins on a paper spreadsheet

Picture credit: Summit Art Creations / Adobe Stock

Consolidated Canadian government finances fall from slight surplus in 2023 to $73.7B deficit in 2023

The consolidated Canadian general government (CGG), which includes federal, provincial, territorial and local governments, recorded a deficit of $73.7 billion in 2023, following a slight surplus in 2022 ($3.3 billion). The significant growth in expenses (+$103.8 billion; +9.7%) exceeded the increase in revenue (+$26.8 billion; +2.5%), which explains the return to a deficit in 2023.

Click here to read more.

A mother and daughter shop for produce in a grocery store

Picture credit: puhimec / Adobe Stock

Food and beverage sales lead slight uptick in retail sector

Retail sales increased 0.4% to $66.9 billion in September. Sales were up in six of nine subsectors and were led by increases at food and beverage retailers.

In volume terms, retail sales increased 0.8% in September.

Click here to read more.

A smiling man in glasses and a baseball cap operates a forklift truck in a Walmart warehouse

Picture credit: Walmart Canada

Walmart Canada announces $46M wage investment for supply chain associates

Walmart Canada announced that the company is investing an additional $46 million in pay increases and benefit enhancements for eligible supply chain associates.

This is the latest step in the retailer’s attempts to invest in associates through a combination of wages, benefit plans, skills training, and education offerings.

Click here to read more.

Did you know?

Focus on Markets

Crime management for convenience store operators

Five billion dollars. That is the staggering amount the Retail Council of Canada estimates shoplifting costs retailers every year. And while there is no breakdown by sector, theft is a massive problem for c-stores—and getting worse. In Winnipeg, 7-Eleven Canada this fall closed four of its 45 stores in the north end after 987 incidents of theft in the first quarter of 2024—close to the 1,098 total for all of 2023.  One location, at Salter Street and Flora Avenue, calculated losses from customer theft of more than $323,000.Stephen O’Keefe, president of Georgetown, Ont.-based Bottom Line Matters, a retail loss prevention advisory service, says customer theft has risen to levels retailers can no longer absorb in their product pricing.

In September, Petro-Canada and 7-Eleven announced all customers must prepay for fuel at its sites nationwide—a new policy aimed at mitigating gas and dash. (No more filling up first and paying for fuel in-store alongside, say, your lottery purchase or morning cup of coffee.)

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.

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