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First Notice: Business closures; Gardiner works; campaign travels

DCN-JOC News Services
First Notice: Business closures; Gardiner works; campaign travels

 

Campaign day 16: leaders on the go

The leaders of the three main national parties have announced the following schedules for day 16 of the federal election campaign, according to the Canadian Press: Conservative Leader Erin O’Toole will make an announcement at a dog rescue sanctuary in King City, Ont. in the morning and will attend an event with supporters in Markham, Ont. in the evening; Liberal Leader Justin Trudeau will make an announcement in Granby, Que. in the morning and then travels to 

Iqaluit; NDP Leader Jagmeet Singh will make an announcement about tax policy in Ottawa and attends an event with supporters in Ladysmith, B.C. in the evening.  

 

Business numbers down in May

Statistics Canada reported this morning there were slightly fewer active businesses (down 0.1 per cent or 1,208 businesses) across the country in May compared with a month earlier, marking the first time since May 2020 that the number of closures outpaced openings. The number of business openings decreased by 11.5 per cent, the largest percentage decrease since December 2018 and the second consecutive month with negative growth. The number of business closures declined by 2.9 per cent, following a 2.5 per cent increase in April. Reopenings declined in May (down 8.2 per cent), no doubt due to the continuing third wave of the pandemic this May, said the agency. 

 

Ramp closes as part of Gardiner project

The City of Toronto and Waterfront Toronto have announced permanent closure of the Gardiner Expressway on- and off-ramps to Logan Avenue beginning tomorrow at 9 p.m. The measure is part of the Lake Shore Boulevard East project, which includes removal of the Logan Avenue ramp at the most eastern portion of the Gardiner Expressway, as part of both the Gardiner Expressway Rehabilitation Plan and Port Lands Flood Mitigation Protection project. 

 

HQ Capital Real Estate announces rebranding

HQ Capital Real Estate, a U.S. real estate manager specializing in multifamily investments, announced today it has closed on its transaction with Concord Pacific and Paragon Real Estate Advisors and has been rebranded to CP Capital. The new partnership transfers the majority interest of the business to Concord Pacific and HB Management. Since its inception as Real Estate Capital Partners in 1989, CP Capital has invested in $15 billion in U.S. real estate. 

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