In this edition:
- Government of Canada to announce support for infrastructure and tourism in Niagara
- Ontario employers now required to disclose how they electronically monitor workers
- Fort Erie delivers final report on 2018-2022 Corporate Strategic Plan
- Government of Canada announces completion of Ports Modernization Review
- 19th annual Sleep Cheap event, reservation dates announced
Government of Canada to announce support for infrastructure and tourism in Niagara
At 10 a.m. tomorrow, at the St. Catharines Museum and Welland Canals Centre, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), will make an important announcement in support of infrastructure and tourism in the Niagara region. Minister Tassi will be joined by Chris Bittle, Member of Parliament for St. Catharines, and Vance Badawey, Member of Parliament for Niagara Centre.
Ontario employers now required to disclose how they electronically monitor workers
Many Ontario employers must now have a policy detailing how and why they electronically monitor their workers, but experts say the law behind that requirement doesn’t establish new privacy rights for employees or give them the ability to challenge the scrutiny they are under.
The provincial government passed legislation in April that required employers with 25 or more workers to have an electronic monitoring policy and gave them six months to come up with one. The requirement kicked in on Tuesday and employers have 30 days to give workers a written copy.
The GNCC can assist your business in drafting a policy. Contact us for more information.
Fort Erie delivers final report on 2018-2022 Corporate Strategic Plan
At the October 3, 2022 Committee meeting, Council received a final report on the implementation and achievements of their 2018-2022 Corporate Strategic Plan. While the global pandemic did impact some forward movement on key initiatives, the Strategic Plan continued to provide overarching direction for multi-year financial strategies, drive annual budgets and operational work plans.
“It is amazing to see all of the projects that have been completed over the past four years, even with two of those years limited by a global pandemic. The Council and staff have worked diligently during this term to make sure that Fort Erie meets its fullest potential and continues to be an even more welcoming, prosperous, connected community of choice for all,” stated Mayor Redekop.
Click here to read more (PDF link).
Government of Canada announces completion of Ports Modernization Review
Today, the Minister of Transport, the Honorable Omar Alghabra, announced the completion of the Ports Modernization Review, which aims to advance the role of Canada Port Authorities and optimize their current and future roles. In a constantly changing world, ports need modern and flexible tools that will allow them to respond to increasingly complex challenges. These new tools will enable ports to remain competitive, efficient, and sustainable.
The Minister also announced that the government intends to introduce legislative amendments in the coming months to update the way Canada’s ports are managed and operated based on the results of the Ports Modernization Review. The proposed legislative changes will achieve several key policy objectives, listed at the link below.
19th annual Sleep Cheap event, reservation dates announced
Reservations for the 19th annual Sleep Cheap Charities Reap event can be made starting Friday at 9 a.m. The popular event allows Niagara residents to book a hotel room in Niagara Falls at a reduced price, with money raised donated to local charities.
This year’s edition will run for five nights, from Nov. 20 through Nov. 24.
More than 15 of Niagara Falls’ finest hotels offer standard rooms for $65 per night, a Fallsview or whirlpool room for $75, and a waterpark room for $125. Participants can also book two-night stays again this year.
Participating hotels and booking information can be found at sleepcheapcharitiesreap.com. The application deadline for charities is Nov. 25. Application forms are available at the same site.
Click here to read more.
Niagara Economic Summit
Brock Dickinson talk will outline path to success in the world of tomorrow
We have grown up in a world governed by increased global trade and economic growth, predictable economic and demographic cycles, and a stable international system. But this world – the only one we’ve ever known – is about to be forever altered, and the old rule books are out the window.
From increasing armed conflict to global pandemics, and from rampant inflation to the collapse of our supply chains, Brock Dickinson takes a look at the sometimes frightening world of tomorrow, and how we can position our businesses and our communities for success in this dangerous new reality.
Drawing on the work of visionary thinkers including investment guru Ray Dalio and geopolitical strategist Peter Zeihan, this session will surprise, alarm and enlighten – but as always, Brock also promises a few laughs along the way!
Click here for tickets to this year’s Niagara Economic Summit.
Focus on Finance & Economy
Households are feeling bleak about Canada’s economic prospects this fall
Financial Post/Yahoo! Finance
Canadians were feeling somewhat better about the economy heading into October, although only because more households had begun stashing away money in anticipation of a rough patch, a new poll showed.
Maru Public Opinion‘s Canadian household outlook index — shared exclusively with the Financial Post — rose to 93 in September from 90 in August. While directionally positive, the result suggests the mood of consumers is dour, dictated more by high inflation and spiking interest rates than a strong labour market and rising wages.
Any score below 100 is indicative of a negative sentiment, while scores above 100 are considered positive, so Canadians were far from enthusiastic about the economy as summer turned to fall.
IMF warns ‘worst is yet to come’ as steps to slow inflation raise risks
Bloomberg News
The International Monetary Fund warned of a worsening outlook for the global economy, highlighting that efforts to manage the hottest inflation in decades may add to the damage from the war in Ukraine and China’s slowdown.
The IMF cut its forecast for global growth next year to 2.7 per cent, from 2.9 per cent seen in July and 3.8 per cent in January, adding that it sees a 25 per cent probability that growth will slow to less than 2 per cent.
The risk of policy miscalculation has risen sharply as growth remains fragile and markets show signs of stress, the IMF said Tuesday in its World Economic Outlook. About one third of the global economy risks contracting next year, it said, with the U.S., European Union and China all continuing to stall.
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.
