In this edition:
- PCs’ Niagara Vegas-ification plan bigger than adding more casinos
- Niagara ranked 10th best place for youth to work
- New holiday market set to launch at Niagara Falls Exchange
- Condo development under construction in St. Catharines adding 38 more units
- Hamilton signs $400 million long-term lease for airport expansion
- Air Canada pilots vote in favour of new contract, eliminating risk of strike
- Canada successfully re-opens 10-year green bond to raise an additional $2 billion
- Income inequality in Canada rises to highest level ever recorded
- Canadians turn to sales, coupons as food affordability remains top concern: report
- Focus on Finance & Economy
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Photo credit: The Honourable Stan Cho M.P.P.
PCs’ Niagara Vegas-ification plan bigger than adding more casinos
Premier Doug Ford’s government plan to Las Vegas-ify Niagara Falls is merely a piece of a larger strategy to invigorate the larger region and attract visitors to it for longer, Ontario’s tourism, culture and gaming minister explained on Wednesday.
The Ford government has been working on renegotiating the six-year-old agreement between the Ontario Lottery and Gaming Corp. (OLG) and Mohegan Gaming and Entertainment that makes the company the exclusive operator of casinos in the Niagara Region, as The Trillium first reported last month. The government wants to end Mohegan’s “monopoly,” the premier said a week ago, which Niagara Falls’ mayor has endorsed.
Photo credit: wavebreak3 / Adobe Stock
Niagara ranked 10th best place for youth to work
Youthful Cities’ has released the results of the Urban Work Index 2024, naming Toronto the ‘Best City for Youth to Work in Canada’ for the second year in a row.
St. Catharines-Niagara takes the 10th spot on the list, sitting right behind the Waterloo Region.
Photo Credit: City of Niagara Falls
New holiday market set to launch at Niagara Falls Exchange
To learn more about ‘Deck the Halls’ and the Niagara Falls Exchange, visit nfexchange.ca
Photo credit: Palazzo Royale Real Estate Group
Condo development under construction in St. Catharines adding 38 more units
A condo development being built in the Martindale area is changing its interior layout midconstruction to add more units and meet market demand.
St. Catharines city council heard developers of the Royal Tuscan building say they found potential buyers want less expensive homes, so they’ve shrunk some of the units with plans to offer them for a lower price point.
Photo credit: John C. Munro Hamilton International Airport
Hamilton signs $400 million long-term lease for airport expansion
The City of Hamilton has signed a 49-year lease deal that will see TradePort International Corporation (TPIC) invest $400 million into the municipally-owned John C. Munro Hamilton International Airport and extend its management lease until 2073.
Photo credit: Lukas Wunderlich / Adobe Stock
Air Canada pilots vote in favour of new contract, eliminating risk of strike
Air Canada pilots have given a green light to a tentative agreement with the airline, dashing any fears of a future strike and allowing management and passengers to breathe easier.
The deal, which grants the carrier’s 5,400 pilots a cumulative wage hike of nearly 42 per cent over four years, received 67 per cent votes in favour, according to the Air Line Pilots Association (ALPA), which represents the workers.
Photo credit: Wangkun Jia / Adobe Stock
Canada successfully re-opens 10-year green bond to raise an additional $2 billion
Click here to read more.
Photo credit: Hyejin Kang / Adobe Stock
Income inequality in Canada rises to highest level ever recorded
Income inequality increased in the second quarter of 2024 as the gap in the share of disposable income between households in the top 40% and the bottom 40% of the income distribution reached 47.0 percentage points, the largest gap ever recorded in these data (which Statistics Canada began collecting in 1999).
Click here to read more.
Photo credit: rh2010 / Adobe Stock
Canadians turn to sales, coupons as food affordability remains top concern: report
As Canadians continue to grapple with food affordability, coupons are in and non-essentials are out.
That’s according to the Canadian Food Sentiment Index, a new bi-annual insight report from the Agri-Food Analytics Lab at Dalhousie University, supported by Caddle Insights.
Did you know?
Focus on Finance & Economy
Nine in ten Canadian CEOs considering an acquisition: KPMG survey
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.
