What's New This Week - October 05, 2023

Ontario Celebrating 25th Anniversary of Agriculture Week

Supporting Ontario farmers and restaurants through Dine Ontario

The Ontario government is marking the 25th anniversary of Agriculture Week by supporting businesses across the supply chain through the Dine Ontario initiative. From October 1-8, the province is encouraging people to dine in at restaurants and choose a select Ontario food and beverage special. Participating restaurants will showcase a food special and pair it with an Ontario craft beer, wine, spirit, or cider where possible.

"As we celebrate the 25th anniversary of Ontario's Agriculture Week and the introduction of Dine Ontario, we are planning a concerted effort across the province to demonstrate the value of growing and producing good quality food and beverages close to home - with the end result being an amazing dining experience in a local restaurant," said Lisa Thompson, Minister of Agriculture, Food and Rural Affairs. "By participating in Dine Ontario, we are supporting Ontario’s farmers, food processors, distributors, chefs, brewers, and restaurants, as well as strengthening our local communities."

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Registeration Closes October 8th

What to expect at our Business After Five? A group of diverse professionals from different sectors exchanging ideas, building relationship, and making connections in a fun, relaxing environment.

Join us at Black Gold Brewery in Petrolia on October 18th at 5pm for conversations, collaborations and creating new connections.

Whether you are an entrepreneur, a seasoned professional, or just starting your career, this event is the perfect platform to expand your network and unlock new possibilities. Register Today!

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NOTICE OF STUDY COMMENCEMENT Highway 21 from Forest north limit to 0.5 km south of Lambton Road 7 (Lakeshore Road) in Lambton County (GWP 3073-20-00) DETAIL DESIGN AND CLASS

ENVIRONMENTAL ASSESSMENT STUDY If you have any accessibility requirements for participating in this project, please contact a Project Team member. Comments and information will be collected to assist the MTO in meeting the requirements of the Environmental Assessment Act. With the exception of personal information, all comments will become part of the public record in accordance with the Freedom of Information and Protection of Privacy Act. PROJECT OVERVIEW The Ontario Ministry of Transportation (MTO) is completing the Detail Design and Class Environmental Assessment (EA) study for the rehabilitation of Highway 21 from the north limit of Forest to 0.5 km south of Lambton Road 7 (Lakeshore Road) in Lambton County. The proposed work includes pavement rehabilitation, culvert replacements, and improvements to drainage, grading, structures, electrical and roadside safety as necessary. The project location is shown on the map below. Traffic staging during construction will be confirmed as the study progresses. Highway 21 lane reductions and temporary closures are expected to be required for construction. Subject to funding and approvals, it is anticipated that construction will begin in 2025.

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Join us on October 20th at the Sunbridge Hotel & Conference Centre as we celebrate the achievements of our local business community.  Rub shoulders with industry leaders, innovators, and remarkable individuals of Sarnia Lambton and we will unveil the winners of the 2023 Outstanding Business Achievement Awards.
Thank you to each and every one of our sponsors who help us make this an incredible event!

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Last week the Business Data Lab released its Q3 2023 survey insights and data. What trends does the data show? Here are some observations:

• Businesses expect sales and hiring to slow in the near term. With cost challenges remaining pervasive, profits are expected to shrink. The outlook is most concerning in Ontario (particularly for Toronto) and British Columbia, whereas Quebec continues to have the most optimistic outlook in the country.
• Canada’s GDP unexpectedly contracted in the second quarter. The CSBC provides new evidence of ongoing turmoil in the third quarter as the transportation sector was hard hit by the nearly two-week long port strike in July, adding to disruptions caused by wildfires.
• Despite broad-based inflation pressures, with the economy sputtering, the Bank of Canada decided to hold its policy rate in September, rather than continue to tighten as it did over the summer. Nonetheless, after an almost 5% cumulative increase in the central bank rate, consumer spending has now stalled. This latest survey shows that businesses are also feeling the pain from higher rates, which are exacerbating cost pressures and debt constraints — especially for microfirms, whose finances are most restricted.

This quarter’s survey includes new insights into interprovincial trade and related barriers, the various payment methods businesses accept, and their environmental practices.

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