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Greater Niagara Chamber of Commerce

Daily Update: September 25, 2024

In this edition:

  • Ontario Shipyards announces new preferred suppliers for Team Vigilance
  • Budget ‘reckoning’ coming for Niagara Falls council: CAO
  • Proposed plaza: Grocery store may anchor Welland development
  • Walmart Canada to increase wages for frontline workers
  • Canada’s population continues its strong growth despite signs of slowdown
  • PayPal to let business accounts buy, hold and sell cryptocurrency
  • CRA invites taxpayers to share ideas for service improvements
  • Ontario exploring feasibility of new Highway 401 tunnel expressway
  • U.S. Justice Department sues Visa for monopolizing debit markets
  • GNCC webinar offers tips on protecting your business from phishing and email scams
  • Focus on Climate

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Photo credit: CNW Group/Ontario Shipyards Inc.

Ontario Shipyards announces new preferred suppliers for Team Vigilance

Port Weller-based Ontario Shipyards has announced that FBT Inc., Guest Plumbing and HVAC, Scott’s Marine Interiors, Pinnacle Logistics Solutions Ltd., and The Coating Inspector have been named preferred suppliers to Team Vigilance.

Vard Marine Inc. (VARD), a Fincantieri company, launched VIGILANCE as their solution to replace the Royal Canadian Navy’s (RCN) Kingston Class Maritime Coastal Defence Vessels (MCDV) under Pillar Two of Canada’s National Shipbuilding Strategy (NSS).

Click here to read more.


Photo credit: AP Studio / Greater Niagara Chamber of Commerce

Budget ‘reckoning’ coming for Niagara Falls council: CAO

A “reckoning” is on the horizon when it comes to providing the level of municipal service residents expect and the ability for taxpayers to pay, said City of Niagara Falls chief administrative officer Jason Burgess.

“We need to look at major restructurings to become sustainable long term, because I don’t think the current structure is going to allow for tax increases that are around what household incomes are going up,” he said.

Click here to read more.


Photo credit: Plaza Retail REIT

Proposed plaza: Grocery store may anchor Welland development

There haven’t been any strikes, spares or misses at the northeast corner of Niagara Street and Quaker Road since Welland’s last bowling alley closed and the leased building that housed it was demolished.

Nor are plans for a five- and/or 10-pin facility included in a proposal to develop the property, at least for the near term.

Instead, the owner of the nine-acre property, Plaza Retail REIT (Real Estate Investment Trust), envisions a plaza that will have four buildings of varying sizes as well as six residential units, three of them in one building.


Photo credit: CNW Group/Wal-Mart Canada Corp.

Walmart Canada to increase wages for frontline workers

Walmart Canada says it’s investing $92 million in a wage investment for its frontline workers.

The pay increases will be what it says are eligible supply chain hourly and frontline management and retail hourly employees.

Earlier this year, Walmart Canada announced a $53 million wage investment in higher wages for store associates.

Click here to read more.


Photo credit: Evgenia Parajanian / Adobe Stock

Canada’s population continues its strong growth despite signs of slowdown

The population growth rate continues to grow at a decent pace despite showing signs of a slowdown in the latest quarter, according to Statistics Canada data released Wednesday.

Canada is estimated to have added 250,229 people between April and July this year, which represents a quarterly growth rate of 0.6 per cent, the agency said.

Click here to read more.


Photo credit: Tomasz Zajda / Adobe Stock

PayPal to let business accounts buy, hold and sell cryptocurrency

PayPal Holdings announced on Wednesday it is enabling U.S. merchants to buy, hold and sell cryptocurrency from their business accounts.

The payments giant aims to increase cryptocurrency’s utility, which was moved from being a nascent asset class towards greater market acceptance after bitcoin exchange-traded funds were approved by the U.S. SEC earlier in the year.

Click here to read more.


Photo credit: mehaniq41 / Adobe Stock

CRA invites taxpayers to share ideas for service improvements


Did you know?

Coca-Cola Spiced is being cancelled after only 7 months on the market.


Focus on Climate

Extreme Canadian weather causes record $5.7 billion in insured damage

An onslaught of four natural disasters caused $7.1 billion (US$5.3 billion) of insured losses across Canada in just two months — more than any other summer on record.

In July and August, a ballistic hailstorm tore through cars and buildings in Calgary, a wildfire incinerated large parts of the mountain resort town of Jasper, Alberta, while parts of Quebec and southern Ontario, including Toronto, suffered flooding.

All told, insurers in Canada have notched $7.7 billion of catastrophic weather losses so far this year with a few months still to go, according to initial estimates gathered by Catastrophe Indices and Quantification Inc. and published by the Insurance Bureau of Canada. That’s more than the last two years combined, and more than 10 times the average annual payout from 2001 through 2010.

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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