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Greater Niagara Chamber of Commerce

Daily Update: October 25, 2024

In this edition:

  • 2.46% tax hike for St. Catharines homeowners if budget unchanged for 2025
  • 8 appointed to committee tasked with downtown Niagara Falls matters
  • Legislative Assembly picks Fielding Estate, Lailey wineries for official 2025 wines
  • Niagara berry farm among recipients of provincial and federal agricultural investment
  • Ontario motor vehicle retail leads charge in national sales growth
  • Ontario plans to bar international students from medical schools starting in 2026
  • Focus on Markets

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St. Catharines City Hall

Photo credit: City of St. Catharines

2.46% tax hike for St. Catharines homeowners if budget unchanged for 2025

St. Catharines residents got a first look at how their property tax bills are shaping up for 2025 on Wednesday night, but the final numbers are still to be worked out.

City staff presented a proposed 2025 operating budget to city council with a 2.46 per cent increase over 2024 for residential property tax bills.


A row of buildings in downtown Niagara Falls

Photo credit: Niagara Falls Tourism

8 appointed to committee tasked with downtown Niagara Falls matters

Eight people have been appointed to serve on a new downtown committee of Niagara Falls city council.

The municipality received 23 applications and council voted in eight members Tuesday.

Click here to read more.


The Ontario Legislative Assembly Building at Queen's Park

Photo credit: Maurizio De Mattei / Adobe Stock

Legislative Assembly picks Fielding Estate, Lailey wineries for official 2025 wines

The Grape Growers of Ontario, along with speaker of the Legislature and MPP for Wellington-Halton Hills, Ted Arnott, hosted the 45th annual wine tasting event at Queen’s Park on Wednesday, choosing three Niagara wines as the official wines of Ontario’s Legislative Assembly for 2025.

“As the legacy partner of the Legislature’s wine tasting event, the Grape Growers of Ontario praised Speaker Arnott for continuing the tradition of choosing the official VQA wines of the Legislative Assembly for the coming year,” said Matthias Oppenlaender, GGO chair.

Click here to read more.


A hand holding a money bag in front of a farm field

Photo credit: Andrii Yalanskyi / Adobe Stock

Niagara berry farm among recipients of provincial and federal agricultural investment

The governments of Canada and Ontario are investing up to $7.5 million to support 365 projects that will help the province’s farmers, food processors, and essential farm-supporting agribusinesses protect their operations against pests and diseases while enhancing operational resilience and strengthening public trust in our food supply system.

Among them is a berry farm in Niagara Region, receiving up to $29,353 for a steam treatment system to eliminate damaging pests and diseases.

Click here to read more.


A car dealer hands a set of keys over to a customer

Photo credit: Nomad_Soul / Adobe Stock

Ontario motor vehicle retail leads charge in national sales growth

Retail sales increased 0.4% to $66.6 billion in August, Statistics Canada reported today. Sales were up in four of nine subsectors and were led by increases at motor vehicle and parts dealers.

The largest provincial increase was observed in Ontario (+0.9%), led by higher sales at motor vehicle and parts dealers. In the census metropolitan area (CMA) of Toronto, sales were up 0.6%.

Click here to read more.


A group of practical nursing students

Photo credit: Niagara College

Ontario plans to bar international students from medical schools starting in 2026

Ontario will not allow international students in medical schools beginning in the fall of 2026, and will also cover tuition for more than 1,000 students who commit to becoming a family doctor in Ontario, Premier Doug Ford said Friday.

Through upcoming legislation, the province aims to reserve at least 95 per cent of medical school spots for Ontario residents and the remainder for students from other parts of Canada.

Click here to read more.


Did you know?

Approximately 10% of all households in Canada are highly exposed to flooding. Flood risk is the most frequent extreme weather event in Canada.

Focus on Markets

Macklem sees little inflation impact from immigration reform

Bank of Canada Governor Tiff Macklem said that while the federal government’s decision to trim immigration targets would have a modest effect on growth, the impact on inflation is likely limited.

On Thursday, Prime Minister Justin Trudeau’s government announced it would lower the target for the number of permanent residents in 2025 and 2026. Coupled with a planned reduction in the number of temporary foreign workers and students, the government expects population to turn flat after years of record growth.

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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