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Ottawa Public Servants Brace for Major Job Cut Announcements in the New Year

  Federal Workers Await January Notices as Ottawa Prepares Job Cuts Federal public servants across Canada are bracing for a wave of job‑cut announcements expected to begin in January, as departments prepare to roll out the government’s latest cost‑cutting measures. Several federal organizations have already warned employees that details about workforce reductions will be shared early in the new year. The cuts stem from a government‑wide plan to reduce spending, streamline operations, and bring the public service back to what officials describe as a more sustainable size. Departments are expected to use a mix of attrition, restructuring, and workforce adjustments to meet their targets. Early notices have already begun circulating in some organizations, with more formal announcements anticipated once employees return from the holiday break. Unions representing federal workers say they are preparing for a period of uncertainty as the scope of the reductions becomes clearer. With ...
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Wall Street in Retreat Amid Record-Setting Run

 


The stock market is currently experiencing a record-setting run, but today, Wall Street is in retreat. The Dow Jones Industrial Average fell 0.5%, the S&P 500 dropped 0.4%, and the Nasdaq Composite lost 0.3%. The decline is attributed to concerns over the Federal Reserve’s decision to raise interest rates.

The Fed has been raising rates to combat inflation, but this has led to a slowdown in economic growth. Investors are also worried about the ongoing trade war between the US and China. Despite the current dip, the stock market is still up significantly for the year.

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