Policy Updates & News 275 results

Rapid Policy Update: Steel and Aluminum Industry Tariffs Proposed by President Donald Trump

· by Huzaifa Saeed

An Important Message on Proposed Steel Tariffs

Over the last three years, we have been working with our colleagues in the Canadian Chamber of Commerce network and the Canadian Steel Producers Association to address unfair market practices and steel being dumped into Canada by non-market producers. 

The steel industry is the backbone of the Hamilton economy, supporting almost 10,000 direct and over 30,000 indirect jobs in our community.

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Federal Budget 2018: What it means for Businesses in Hamilton

· by Huzaifa Saeed

On February 27th, the Liberal Government released their 2018 Federal Budget. See below for a summary (courtesy of the Canadian Chamber of Commerce) on the impacts it will have on Canadian businesses.

Tax Treatment of Passive Investment Income

Last year’s proposals by the Finance Department had caused significant concerns amongst the business community.

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Announcing Canada’s Innovation Corridor Summit

· by Whitney Eames

Regional Leaders to Gather in Hamilton-Burlington on June 26 to Help Drive Advanced Manufacturing Supercluster and Other Shared Priorities

HAMILTON February 22, 2018: Canada’s Innovation Corridor Business Council, a partnership of leading chambers of commerce and boards of trade in the Greater Golden Horseshoe, today announced a bold new summit to promote global competitiveness through regional connectivity and collaboration.

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Rapid Policy Update: Province of Ontario Considering the Fairness in Procurement Act, 2018 to respond to Buy American legislation in the United States

· by Huzaifa Saeed

February 21st, 2018: The Government of Ontario is proposing The Fairness in Procurement Act, 2018, would, if passed, allow Ontario to take responsive and proportional action to discriminatory government procurement practices by U.S. subnational jurisdictions.

Buy American policies in the U.S. at the state level could restrict or inhibit Ontario-based businesses from participating or succeeding in certain state government procurement contracts.

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Media Release: Hamilton Chamber of Commerce concerned about the impact of the United States Commerce Department Section 232 Recommendations on Steel Imports

· by Huzaifa Saeed

February 20th, 2018, Hamilton, ON: The Hamilton Chamber of Commerce is concerned about the implications of the United States Department of Commerce’s recommendations to President Trump, under a NAFTA Section 232 investigation requested by President Trump in April 2017, concerning the Steel and Aluminum Industries. The law allows the president to unilaterally impose Tariff taxes and other restrictions on imports for reasons of national security, breaking from any existing trade protocols under NAFTA or World Trade Organization.

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Advanced Manufacturing Bid Named One of Canada’s Five Superclusters

· by Whitney Eames

Regional Benefits will Extend to Hamilton and its Business Community

Ottawa, ON, Thursday, February 15, 2018 — Navdeep Bains, Canada’s Minister for Innovation, Science and Economic Development, announced today that a strategy to build an Advanced Manufacturing Supercluster for Canada has qualified for federal investments under the Government of Canada’s Innovation Superclusters Initiative.

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Media Release: Input Costs Soar as Confidence and Projected Profits Fall: Ontario Economic Report 2018

· by Huzaifa Saeed

 

Hamilton, ON, February 7, 2018 –  Today the Hamilton Chamber of Commerce, in partnership with the Ontario Chamber of Commerce (OCC) released the second annual Ontario Economic Report (OER), a comprehensive analysis of data and emerging trends on the economic health of the province. Original economic research from the report reveals that 77 per cent of Ontario businesses say access to talent remains the largest impact on their competitiveness and nearly half report a lack of confidence in the province’s economy.

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