Economy

Recent Posts

The number of people joining unions is on the rise during the pandemic as workers rethink jobs

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Drive along any street in town, and you will see laws signs or maybe a billboard where a local business is looking to hire. The Canadian economy added 94,000 jobs in July, bringing employment to within 250,000 of pre-pandemic levels. But the numbers also show weaker-than-expected hiring, especially in restaurants and hotels. Employers are struggling to find staff. Not since 2018 have businesses struggled this hard to find skilled or semi-skilled labour, according to a Canadian Federation of Independent Business survey done in July. Continue Reading →

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The journey towards a sustainable start-up in Colborne during the challenges of a pandemic

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Sustainability. We hear a lot of talk about it. But what does it really mean, especially to those of us living in Northumberland? In its most simple sense, being sustainable means something can exist or go on for a long time. It doesn’t necessarily mean it will grow. Continue Reading →

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County’s Faster Forward Summit Program aims to assist larger local businesses to grow

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Millions of dollars are being spent by the provincial and federal governments to keep small and medium-sized businesses afloat during the pandemic. For larger enterprises, support to sustain them or even help them grow has not always been available. The people behind economic development for Northumberland County launched a new imitative recently to address this gap. It is called the Faster Forward Summit Program. As you will hear, it is aimed at bigger businesses – those with more than $250,000 in revenue annually. Continue Reading →

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Burnham Family Market transitions during pandemic, as legacy farm moves to next generation

 

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Take a drive out into rural Northumberland. You will see all kinds of farms. It is easy to assume most of those are family farms. Yet, the family farm is on the decline in Canada. Well over 90 percent of farms are family-owned and operated. Barely half the farms are sole proprietorships. The rest are either partnerships or corporations, according to Statistics Canada in 2016. Continue Reading →

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Farmers face new struggles and mental health pressures as spring planting underway

Farm near Campbellford

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Farmers are busy preparing to put crops into the grounds. This time around, they have a year of the pandemic under their belts. A lot has changed. Then again, not a lot has changed. The supply chain issues have settled. Continue Reading →

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Chamber CEO praises initiatives to help small business, women and worker’s retraining

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The provincial budget delivered earlier this week appears to have two goals. The first is continuing to address the fiscal demands of the pandemic. The second is to provide ongoing support to people and the economy in the hopes of creating a path to a post-pandemic world. The result is a record-setting $38.5 billion deficit for 2020 and an additional $33 billion deficit for this coming year. In interviews earlier this week,  Northumberland-Peterborough South MPP David Piccini talked about the details of the budget. Continue Reading →

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Who should use Cobourg Beach? Report looks at economic impact of tourism

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When the town decided to close Cobourg Beach last summer due to the pandemic, it was cause for some serious reflection. In fact, it drew attention to a lot of issues lying just below the surface. Who uses the beach? Is it a public place? And who has jurisdiction over it? Continue Reading →

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Local conference hopes to inspire women entrepreneurs from around the world

 

 

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The podcast: the full interview with bonus material

Almost 40 percent of self-employed Canadians are women. Of all the small businesses in the country, 16% percent are run by women. Women launch the majority of start-ups in Canada. It’s impressive, but being a businesswoman is tough. Eighty percent of women use their own money to start a business because banks and other traditional lenders aren’t always helpful. Continue Reading →

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Surviving the pandemic: two women entrepreneurs from Northumberland share their stories

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Businesses are struggling during the pandemic. No question. The uncertainty surrounding what comes next is a major factor. For some, finding the resources to make the necessary changes – to pivot – is difficult. There are many provincial and federal programs meant to assist them. But not everyone meets the criteria. Continue Reading →

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In the face of recent struggles, Port Hope Chamber CEO says businesses remains optimistic about future

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Keeping the economy from collapsing at the same time stopping the spread of the COVID-19 virus is a balancing act. It is complex, and it isn’t easy. Public health officials want to keep the lid on the spread of the virus until they can get needles in their arms. They hope to get on top of the virus before variants create even more problems. Last week, we heard from Dr. Ian Gemmill, the acting Chief Medical Officer of Health for the local health unit. Meanwhile, politicians and business owners are worried that we will be plunged into a recession or even a depression without sufficient economic activity. They worry it will take years before we will recover. Continue Reading →

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