In this edition:
- Niagara Falls advances Green Fleet Strategy with new EV chargers and electric vehicles
- City of Port Colborne seeks members for four advisory boards
- Airbus Helicopters COO to join GNCC CEO in new interview series
- St. Catharines city councillor pay to jump $9,000
- Women of Steel report shows women making strides in skilled trades
- Governments of Canada and Ontario invest $12.2M in agricultural land improvement
- Culture and sport product exports continue to grow, but trade deficit widens
- Rents went up just 2.1% in September, continuing monthly price slowdown
- Canada Capital Gains Tax to yield less revenue, C.D. Howe says
- Canada Small Business Financing Program now offers businesses new financing options
- Focus on Climate
Did you know you can get the GNCC’s Daily Update emailed to you? Click here to sign up.
Photo credit: City of Niagara Falls / supplied
Niagara Falls advances Green Fleet Strategy with new EV chargers and electric vehicles
The City of Niagara Falls has announced that, in compliance with its Climate Change Adaptation Plan, new electric vehicle chargers have been installed and made available to the public at the Wayne Thomson Building.
Additionally, fully electric vehicles have been introduced into the City’s fleet. These vehicles are part of a pilot program that closely monitors their efficiency and fuel cost savings.
Photo credit: tirachard / Adobe Stock
City of Port Colborne seeks members for four advisory boards
The City of Port Colborne is accepting applications for positions on the following Boards/Committees:
- Economic Development Advisory Committee
- Museum, Heritage, and Culture Board
- Mayor’s Youth Advisory Committee
- Port Colborne Library Board
Joining an advisory board offers an opportunity for residents and businesses to have significant input into City policy. Visit the City’s Committees and Boards webpage to access the application form.
Photo credit: City of St. Catharines
St. Catharines city councillor pay to jump $9,000
St. Catharines city councillors will be paid $9,000 more after the next election. Councillors voted 9-4 in favour of the hike that was recommended by a citizens task force that compared political pay across the province and region.
The task force found St. Catharines’ councillor pay of $27,765 was falling behind other municipalities and recommended the one-time bump, along with a new way of calculating future increases.
Photo credit: CNW Group/CWB Welding Foundation
Women of Steel report shows women making strides in skilled trades
Photo credit: Serhii / Adobe Stock
Governments of Canada and Ontario invest $12.2M in agricultural land improvement
The governments of Canada and Ontario have awarded over $12.2 million in support to 213 projects designed to help farmers make their agricultural lands more healthy and resilient.
The funding, through the first intake of the Resilient Agricultural Landscape Program, is supporting the planting of grasslands and trees, reducing tillage, and creating water retention ponds.
Photo credit: Sebastian Duda / Adobe Stock
Culture and sport product exports continue to grow, but trade deficit widens
Total exports of culture and sport products grew 11.2% to reach $26.1 billion in 2022, Statistics Canada reported today, representing 2.7% of Canada’s total exports. This growth was preceded by an 18.2% increase in 2021.
However, the trade deficit (the difference between imports and exports) widened in 2022, with Canadian imports of culture and sport goods and services exceeding exports. The United States continued to be Canada’s largest trading partner in culture and sport products, accounting for 66.1% of exports and 64.7% of imports.
Photo credit: vadim yerofeyev / Adobe Stock
Rents went up just 2.1% in September, continuing monthly price slowdown
A new report says growth in average asking rents across Canada last month slowed to the lowest rate since October 2021, at 2.1 per cent year-over-year.
The report from Rentals.ca and Urbanation finds average asking rents sat at $2,193 for September, marking the fifth straight month that the annual rate has slowed from May’s nine per cent growth.
Photo credit: mehaniq41 / Adobe Stock
Canada Capital Gains Tax to yield less revenue, C.D. Howe says
Canada’s decision to increase the capital gains inclusion rate is unlikely to generate as much cash as Justin Trudeau’s government expects, a research group says.
The changes will add a net $3.3 billion (US$2.4 billion) to federal government revenues from individuals over five years, according to a paper being released Thursday by the C.D. Howe Institute.
Image credit: Government of Canada
Canada Small Business Financing Program now offers businesses new financing options
The Canada Small Business Financing Program has announced that it is introducing new financial products, including lines of credit and higher loan amounts. If your business earns less than $10 million in revenue a year, you could qualify for a line of credit of up to $150,000.
Did you know?
Focus on Climate
Generation Next Thinking: Greening the supply chain
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.
