October 2014 Airport Activity Report
The October 2014 Aviation Activity Report is now available for your information and reference. View it here.
Oxford Properties Acquires Park Hyatt Toronto
Oxford Properties is the new owner of the 346-room Park Hyatt Toronto hotel.
The Toronto-based Oxford Properties purchased the property from an affiliate of Hyatt Hotels Corporation for approximately US$90 million, or US$260,000 per key. “Oxford’s acquisition of Park Hyatt Toronto is in line with our stated strategy of owning highly visible, luxury and upper upscale assets with prime locations in key markets with high barriers to entry,” said Michael Kitt, EVP, Canada, Oxford Properties Group. “We look forward to working together with Hyatt on a significant hotel renovation in line with the prestige of the brand and location.” Read more here.
Budget, China Trade Mission Among Highlights of 2014
The Ontario government made significant progress this year to build opportunity and security for the people of Ontario. During the summer, the government introduced the 2014 Budget, which laid out a plan to grow the economy and create jobs, while balancing the budget by 2017-18.
Premier Kathleen Wynne and her team focused on initiatives to help the province prosper. See highlights from 2014 here.
Current Performance Indicators October 2014
The Ministry’s Current Performance Indicators have been updated with October 2014 data, click here.
Province Taking Next Step in Developing Ontario Retirement Pension Plan
Ontario Launches Consultation Paper; Helping Build a Better Retirement for Future Generations
The province is taking the next step in the development of the new Ontario Retirement Pension Plan (ORPP) with the release of a consultation paper inviting feedback on key design details of the plan. Read news release here
Expanded Definition of Worker under the Occupational Health and Safety Act
Effective immediately, the new definition of worker under the Occupational Health and Safety Act (OHSA) expands coverage of the OHSA to unpaid co-op students, certain other learners and trainees participating in a work placement in Ontario. Read more here.
CTC and Korea Tourism Organization sign Memorandum of Understanding
New agreement will lead to stronger co-operation and exchange of tourism marketing intelligence.
Let’s shake on it: the Canadian Tourism Commission (CTC) has signed a Memorandum of Understanding (MOU) with the Korea Tourism Organization.
The new agreement, which was sealed Dec. 11 at CTC headquarters in Vancouver, BC, looks to broaden and deepen mutual understanding as well as strengthen co-operation between the two countries in the tourism marketplace. Other key areas will be swapping ideas around handling international events, product development, shared market intelligence and consumer trends. Read more here