In this edition:
- Stelco to idle Hamilton operations, affecting up to 500 workers amid tariff pressure
- Niagara active businesses rise to 9,002 as openings outpace closures
- NOTL launches Queen Street plan covering tourism, parking and future growth
- Competition Bureau investigates grocery pricing policies that may restrict discounts
- Housing unaffordability carries $26.2-billion annual social cost in Ontario, CANCEA estimates
- Advance polling sites open across Niagara ahead of Oct. 26 election
Did you know you can get the GNCC’s Daily Update emailed to you? Click here to sign up.
Picture credit: JHVEPhoto / Adobe Stock
Stelco to idle Hamilton operations, affecting up to 500 workers amid tariff pressure
Stelco will indefinitely idle its cold-rolled and coated operations at Hamilton Works, affecting up to 500 employees. The company says U.S. tariffs and elevated import competition have made the market unsustainable. The wind-down is set to begin Oct. 9, while hot-rolled steel production will continue.
Picture credit: Vittaya_25 / Adobe Stock
Niagara active businesses rise to 9,002 as openings outpace closures
The St. Catharines–Niagara CMA recorded 443 business openings and 436 closures in June, while the number of active businesses rose by 13 to 9,002. Active business counts have increased for four consecutive months, according to Statistics Canada’s seasonally adjusted estimates.
Picture credit: Town of Niagara-on-the-Lake
NOTL launches Queen Street plan covering tourism, parking and future growth
Niagara-on-the-Lake has launched a secondary plan for Queen Street that will examine tourism, transportation, parking, infrastructure, public spaces and future growth alongside heritage conservation. The Town says community input will help shape a long-term framework for investment and decision-making in the area.
Picture credit: unai / Adobe Stock
Competition Bureau investigates grocery pricing policies that may restrict discounts
The Competition Bureau has launched an investigation into minimum advertised pricing policies in the grocery sector, which can prevent retailers from advertising prices below a set level. The Bureau is seeking input from consumers, retailers and suppliers as it examines possible effects on competition, prices and market entry.
Picture credit: kunakorn / Adobe Stock
Housing unaffordability carries $26.2-billion annual social cost in Ontario, CANCEA estimates
A CANCEA study estimates housing unaffordability carries a $26.2-billion annual social cost in Ontario, reflecting lost well-being associated with financial strain and reduced quality of life. Its detailed analysis focused on the Greater Toronto and Hamilton Area, where nearly one in three households was classified as living in unaffordable housing.
Picture credit: Elena Berd / Adobe Stock
Advance polling sites open across Niagara ahead of Oct. 26 election
Advance polling is opening across Niagara for the Oct. 26 municipal election. Dates and voting options vary by municipality, and voters can cast an advance ballot regardless of the Election Day polling station listed on their voter notification card.
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.
