Carmel spent $1.2M to support Christkindlmarkt, JazzFest, other events in 2024
The figures, in terms of in-kind support from Carmel's streets, fire or police departments, were released at an Affiliate Review Committee meeting on July 2. The committee, created by a city council ordinance last year and tasked with reviewing finances and operations of the city's nonprofit affiliates, is wrapping up its work.
City councilor and chair of the committee Ryan Locke has been tasked with compiling recommendations that may be implemented by the mayor's office or via ordinances and resolutions voted on by city councilors.
'We got into this because a few things were set up that started to get a little wild and were used for purposes that were outside of their scope,' Locke said. 'There wasn't transparency and there wasn't an understanding of what needed to happen.'
During what might have been the committee's final meeting last week, Samantha Karn, corporation counsel for the city, emphasized the need for a consistent process in determining which events are supported by the city and how much support is lent.
Over several meetings, the Affiliate Review Committee drilled into the finances of the Carmel Christkindlmarkt. The market received the bulk of in-kind support from the city last year when compared to other events.
Previous coverage: Carmel Christkindlmarkt CEO 'excluded from key decisions,' resignation letter says
The committee also previously dug into Promote Carmel, which was a nonprofit corporation financially propped up by the city, best known for supporting the now defunct All Things Carmel store on Main Street. At a March meeting, the committee learned some of those dollars from Promote Carmel were being used to pay for expenses unrelated to the store, such as alcohol and food, including at the former mayor's Christmas dinner.
'We do need to put processes in place in determining who receives support, whether in-kind or monetary, as well as how much support they receive,' Karn said.
It's not yet clear yet what the city's new process will be for reviewing which events receive support or when all of the recommendations from the Affiliate Review Committee will be finalized and released.
The following graphic shows how much Carmel spent supporting events run by partner organizations last year. The numbers do not include city-run events, such as the Holocaust Remembrance Ceremony and the Memorial Day Ceremony.
The support from the city for these events was in-kind. The costs include set-up or tear-down operations from the city's streets department or public safety coverage from the city's police and fire departments.
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Hamilton Spectator
18-07-2025
- Hamilton Spectator
S&P/TSX composite down at Friday's close, U.S. markets mixed amid muted trading day
TORONTO - Losses in industrial stocks weighed on the Toronto market as Canada's main stock index finished lower on Friday, while U.S. stock markets were mixed amid a quieter trading day. Steve Locke, chief investment officer for fixed income and multi-asset strategies at Mackenzie Investments, said trading on Friday was 'muted' compared to what has taken place in previous weeks. 'When you look across fixed income and equities today, it certainly doesn't stand out as a more volatile day, probably less than average recently,' he said. The S&P/TSX composite index was down 72.92 points at 27,314.01. In New York, the Dow Jones industrial average was down 142.30 points at 44,342.19. The S&P 500 index was down 0.57 points at 6,296.79, while the Nasdaq composite was up 10.01 points at 20,895.66. Locke said it is possible that some of the TSX performance was a reaction to potential consolidation in the U.S. railway industry. Norfolk Southern chugged 2.5 per cent higher after an AP source said it's talking with Union Pacific about a merger to create the largest railroad in North America, one that would connect the East and West Coasts. Any such deal, though, would likely face tough scrutiny from U.S. regulators. Union Pacific's stock fell 1.2 per cent. 'Sometimes, even though companies are not directly involved necessarily in some of those headlines that we see, there could be implications for those businesses if they're in the same sector, same industry, or perhaps adjacent in some way through their supply chain or their interaction with those businesses,' Locke said. Meanwhile, the heaviest weight on the U.S. market was Netflix, which fell 5.1 per cent despite reporting a stronger-than-expected profit. Analysts said the share price decline wasn't a surprise given the stock had already soared 43 per cent for the year so far heading into its earnings release, six times more than the gain for the S&P 500. American Express likewise delivered better-than-expected financial results, but its stock lost 2.3 per cent. Analysts pointed to slowing growth in some underlying trends, such as the number of cards it issued. The Canadian dollar traded for 72.89 cents US compared with 72.71 cents US on Thursday. Locke said there has been a modest rebound in the U.S. dollar recently. 'Obviously, after a period of weakness for the U.S. dollar really dating back to closer to the beginning of the year, I think we're seeing a little bit of a rebound here just based on the U.S. dollar being oversold,' he said. 'As we think through the next few quarters, I would anticipate that we might see a resumption of a little bit of U.S. dollar weakness versus the Canadian dollar and on a trade-weighted basis globally.' Going forward, he said he anticipates a resumption of weakness facing the U.S. dollar versus the Canadian dollar. The September crude oil contract was down 18 cents US at US$66.05 per barrel. The August gold contract was up US$13 at US$3,358.30 an ounce. This report by The Canadian Press was first published July 18, 2025. — With files from The Associated Press. Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

Indianapolis Star
08-07-2025
- Indianapolis Star
Carmel spent $1.2M to support Christkindlmarkt, JazzFest, other events in 2024
The City of Carmel spent over $1 million supporting events run by partner organizations last year. The figures, in terms of in-kind support from Carmel's streets, fire or police departments, were released at an Affiliate Review Committee meeting on July 2. The committee, created by a city council ordinance last year and tasked with reviewing finances and operations of the city's nonprofit affiliates, is wrapping up its work. City councilor and chair of the committee Ryan Locke has been tasked with compiling recommendations that may be implemented by the mayor's office or via ordinances and resolutions voted on by city councilors. 'We got into this because a few things were set up that started to get a little wild and were used for purposes that were outside of their scope,' Locke said. 'There wasn't transparency and there wasn't an understanding of what needed to happen.' During what might have been the committee's final meeting last week, Samantha Karn, corporation counsel for the city, emphasized the need for a consistent process in determining which events are supported by the city and how much support is lent. Over several meetings, the Affiliate Review Committee drilled into the finances of the Carmel Christkindlmarkt. The market received the bulk of in-kind support from the city last year when compared to other events. Previous coverage: Carmel Christkindlmarkt CEO 'excluded from key decisions,' resignation letter says The committee also previously dug into Promote Carmel, which was a nonprofit corporation financially propped up by the city, best known for supporting the now defunct All Things Carmel store on Main Street. At a March meeting, the committee learned some of those dollars from Promote Carmel were being used to pay for expenses unrelated to the store, such as alcohol and food, including at the former mayor's Christmas dinner. 'We do need to put processes in place in determining who receives support, whether in-kind or monetary, as well as how much support they receive,' Karn said. It's not yet clear yet what the city's new process will be for reviewing which events receive support or when all of the recommendations from the Affiliate Review Committee will be finalized and released. The following graphic shows how much Carmel spent supporting events run by partner organizations last year. The numbers do not include city-run events, such as the Holocaust Remembrance Ceremony and the Memorial Day Ceremony. The support from the city for these events was in-kind. The costs include set-up or tear-down operations from the city's streets department or public safety coverage from the city's police and fire departments.
Yahoo
06-06-2025
- Yahoo
Feds announce up to 6,000 more Canada Summer Jobs as youth struggle to find work
Jobs Minister Patty Hajdu announced Friday afternoon the federal government is creating up to 6,000 more spots in the Canada Summer Jobs program for young people — a move that comes as many struggle to find work. "This is late breaking news, but I think super important to be able to help with the sort of urgency this summer," Hajdu said in an interview with CBC's The House airing Saturday morning. According to a news release, the federal government is reallocating $25 million from Employment and Social Development Canada to create the extra 6,000 jobs. The release also said CSJ was "on track" to create 70,000 jobs for youth this summer. The unemployment rate for people between 15 and 24 years old has steadily ticked upward, according to Statistics Canada. In January 2023, the seasonally adjusted unemployment rate in this age group was 10 per cent. In May 2025, it was 14.2 per cent. Mel Purchase, a 19-year-old from Alliston, Ont., said she's been driving around submitting her resumé to temp agencies "and just hope for the best, and hope they can figure something out to help me." Purchase said her ideal job would be working in a factory to build toward her dream career in welding, but "every single person is looking for work." She told The House she's trying to stay positive, but "it's a little bit stressful trying to figure everything out and trying to plan, especially because of just how expensive everything is and once again, the entire hiring crisis." "It sucks. Just trying over and over and over again to get a job or just any sort of income is very hard," Purchase said. Hajdu said the government is looking to build projects across Canada quickly, which requires more tradespeople. Because of that, it will be "heavily investing" in opportunities for young people to improve their skills if they're interested in going into the trades. Canada Summer Jobs provides wage subsidies to support employers in creating summer work experiences for those between the ages of 15 and 30 years old. Riley Locke, a 25-year-old graduate student at Toronto Metropolitan University, told The House he needed to complete a summer internship between the first and second year of his master's in urban planning, but the experience was "frustrating." Locke, who submitted hundreds of applications since January, spoke with host Catherine Cullen a week before he finally landed a job. In a follow-up interview, he said he's relieved but "it's hard not to feel like it's pretty much just luck of the draw." "I had my fair share of really stressful days where I had received a rejection email," Locke said. Ilona Dougherty, co-creator of the Youth & Innovation Project at the University of Waterloo, said Purchase and Locke's experiences of sending out countless resumés with no luck is exactly what she's been hearing for well over a year. "Unfortunately, young people are the canary in the coal mine," Dougherty said. She added there's currently an "incredibly complex economic situation" on top of other challenging factors like increasing use of AI and a large number of temporary foreign workers. Locke said the job application process can sometimes feel demeaning and dehumanizing because some companies use AI to sort through applications. He added it becomes a "guessing game" to figure out "whether I need to be writing for a human or writing for a robot." Dougherty said Canada needs to "fundamentally rethink what entry-level jobs are going to look like for young people" if it wants a workforce that is not economically disengaged in five to 10 years. "AI is a train barrelling down the tracks, but we're certainly not going to stop it. We need to make sure young people are prepared," Doughty said. She also referenced a New York Times guest essay from a LinkedIn executive who wrote that AI is breaking the "bottom rung of the career ladder." In late May, Conservative MP Jamil Jivani launched a petition to end the temporary foreign worker program and cited youth unemployment as one reason why. Dougherty said the situation is "a lot more complex than [Jivani] presents it to be," but she added there is evidence that wages depress when companies rely on temporary foreign workers rather than paying a young Canadian. "It's not just about stopping immigration of all kinds and this will magically fix the problem. But certainly we have to make sure that companies are paying proper wages for those entry-level roles. That's absolutely critical," she said. "We need to really take this seriously and invest in young people.… It's up to the adults. This is not the young peoples' fault, and we need to fix the problem."