In this edition:
- St. Catharines opens doors to trial discount grocery store
- Niagara restaurant awarded Michelin star
- Niagara Geopark invests in Indigenous tours, learning opportunities
- NOTL to review Queen-Picton Heritage Conservation District expansion
- Town of Lincoln approves new Short-Term Accommodation and Bed & Breakfast regulations
- ‘Let’s Talk Thorold’: City Hall launches website to keep residents in the loop
- Businesses face new limits on temporary foreign worker program
- Number of unfilled jobs now at half of 2022 peak
- Economy to grow moderately, rates to fall below three per cent next year: Deloitte
- Homeowners will no longer need to do stress test when switching mortgage providers
- Focus on Human Resources
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Photo credit: Loblaw Companies Limited / YouTube screenshot
St. Catharines opens doors to trial discount grocery store
The second no name grocery store has opened in Canada, and it happens to be in the Golden Horseshoe.
St. Catharines opened the doors to one of Loblaw’s pilot discount stores Thursday morning.
The trial program, which was announced by grocery giant Loblaw last month, says the new no name grocery stores will deliver lower food prices than other locations.
Photo credit: Jim Norton Photography / Town of Lincoln
Niagara restaurant awarded Michelin star
Michelin has awarded a star to four new restaurants in its Toronto guide — but three of them aren’t in the city at all.
Among the New star recipients is a restaurant in Niagara, Pearl Morissette, which received both a Michelin star and a green star to recognize its leadership in sustainability, for initiatives that include sourcing ingredients directly from local farmers, and a two-acre regenerative garden.
Photo credit: Niagara Geopark / supplied
Niagara Geopark invests in Indigenous tours, learning opportunities
Plenty Canada is pleased to announce a $200,000 Government of Canada investment to help support the integration of Indigenous linguistic, artistic, cultural and historical elements within the Niagara Geopark Trail Network and Plenty Canada’s Great Niagara Escarpment Indigenous Cultural Map. The investment will support the development of unique and informative Indigenous tours and learning opportunities throughout the Niagara Region.
Photo credit: Town of Niagara-on-the-Lake / supplied
Photo credit: Andrii Yalanskyi / Adobe Stock
Town of Lincoln approves new Short-Term Accommodation and Bed & Breakfast regulations
Photo credit: City of Thorold
‘Let’s Talk Thorold’: City Hall launches website to keep residents in the loop
City Hall has launched a new online platform called ‘Let’s Talk Thorold,’ where residents can give feedback on engineering projects in the city as they are happening in real-time.
The website features individual projects with accompanying photos, documents, and interactive tools.
Photo credit: Guillem de Balanzó / Adobe Stock
Businesses face new limits on temporary foreign worker program
Starting today, employers in Canada will face new restrictions on their hiring of low-wage temporary foreign workers — a policy shift the federal government says will push businesses to make a greater effort to hire workers already in Canada.
Photo credit: Tamara Sales / Adobe Stock
Number of unfilled jobs now at half of 2022 peak
The number of job vacancies in Canada fell by 22,400 (-4.1%) to 526,900 in July, Statistics Canada reported today, marking the third consecutive monthly decline. The number of job vacancies is now down by nearly half (-47.5%) from the peak reached in May 2022.
Photo credit: Hand Robot / Adobe Stock
Economy to grow moderately, rates to fall below three per cent next year: Deloitte
Deloitte Canada expects economic growth to pick up next year as it forecasts the Bank of Canada to cut its key interest rate below three per cent by mid-2025.
In the company’s fall economic outlook released Thursday, it forecasts the central bank’s interest rate will fall to 3.75 per cent by the end of this year and a neutral rate of 2.75 per cent by mid next year.
Photo credit: ArLawKa / Adobe Stock
Homeowners will no longer need to do stress test when switching mortgage providers
The national banking regulator says it will no longer require borrowers with uninsured mortgages to undergo a stress test when switching providers.
The Office of the Superintendent of Financial Institutions says it will end the policy for lenders to apply the minimum qualifying rate to straight switches when uninsured mortgages are renewed at a different institution under the borrower’s current amortization schedule and loan amount.
Did you know?
Focus on Human Resources
Why it’s ‘very hard’ to find work in Canada
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.
