Latest / VOCM On Demand / VOCM News Evening Update August 28th

Transcript

VOCM News Evening Update August 28th · VOCM On Demand

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  Speaker 1: Local news now, a VOCM News Update.
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  Speaker 2: I'm Brian Medore. Simply choosing to shun an American retailer
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  Speaker 2: operating in Canada amid the growing trade tensions might not
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  Speaker 2: be the best thing to do. The months of October
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  Speaker 2: to December are known as the golden quarter in the
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  Speaker 2: retail industry. Thanksgiving sales, Black Friday, Cyber Monday, and soon
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  Speaker 2: the ever-present Christmas push. It all contributes to shops of
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  Speaker 2: all sorts making their profits for the year. Jim Cormier,
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  Speaker 2: Director of Government Relations with the Retail Council of Canada,
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  Speaker 2: says his organization represents all companies that sell us goods
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  Speaker 2: and services, including American, European, and Canadian. He says bypassing
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  Speaker 2: an American retailer in these days of 50% tariffs may
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  Speaker 2: be doing more harm than good.
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  Speaker 1: They're also paying... a significant amount of wages across Canada.
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  Speaker 1: They're paying property taxes across Canada. You know, they may
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  Speaker 1: be contributing more to Canada than a smaller Canadian retailer
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  Speaker 1: might be. So I'm not trying to direct people in
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  Speaker 1: their shopping choices. All I'm saying is make sure that
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  Speaker 1: you take a full look at it before you make
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  Speaker 1: your shopping decisions because, you know, the large American retailer
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  Speaker 1: might be contributing to a lot more in your local
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  Speaker 1: community than another Canadian option.
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  Speaker 2: A new political survey conducted by La Presse shows that
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  Speaker 2: the governing CAQ, which had been languishing in the polls,
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  Speaker 2: has surged in popularity and is in a virtual tie
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  Speaker 2: with the Parti Quebecois. Ottawa Bureau Chief with La Presse,
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  Speaker 2: Jules-Denis Belavance, says that's a shocking result just one day
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  Speaker 2: into the Quebec provincial election. He says the numbers show
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  Speaker 2: that the governing party is rising from the dead.
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  Speaker 3: The numbers were pretty gloom and doom for the cause
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  Speaker 3: of Amir Quebec and now We did have a survey,
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  Speaker 3: about 1,000 people, that shows that it's a neck-and-neck race
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  Speaker 3: now between the Parti Québécois and the Coalition Avenir Québec.
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  Speaker 3: The latest numbers show that the Parti Québécois is still
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  Speaker 3: leading with 28%, and the Coalition Avenir Québec is at 27%,
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  Speaker 3: and the Liberal Party at 20%. For the CAQ, that's
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  Speaker 3: a jump of seven points in two weeks.
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  Speaker 2: A local financial advisor says the province and the capital
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  Speaker 2: city need to be ready for the economic boom to
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  Speaker 2: come from renewed hydro development. Larry Short of Short Financial,
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  Speaker 2: a division of IA Private Wealth, says it's time for
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  Speaker 2: the capital city to muscle up and hire more staff
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  Speaker 2: to prepare for and respond to greater pressure on the
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  Speaker 2: local housing market. Short says the capital city and the
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  Speaker 2: province as a whole should be hiring people to help
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  Speaker 2: with planning and development.
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  Speaker 4: My thought is that the bottleneck may be in the
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  Speaker 4: planning department, putting more bodies there, streamlining procedures, making sure
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  Speaker 4: that we're ready for further development, and we encourage more
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  Speaker 4: real estate development in the local area.
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  Speaker 2: That's your news. I'm Brian Medour.