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Air Transat Faces Flight Suspensions Amid Pilot Strike Notice

  Air Transat has announced it will gradually suspend flights starting Monday following a 72-hour strike notice issued by its pilots’ union. The Air Line Pilots Association (ALPA), representing roughly 700 pilots, delivered the notice after nearly a year of unsuccessful negotiations with the airline’s parent company, Transat A.T. Inc. Background The union filed the strike notice on Sunday, giving pilots the legal right to walk off the job as early as Wednesday. Last week, pilots voted 99% in favor of strike action , underscoring their frustration over stalled contract talks. ALPA leaders emphasized that pilots do not want to strike but feel compelled to act after management failed to meet demands for a modernized agreement. Airline Response Air Transat confirmed it will begin suspending flights gradually between December 8 and 9 to prepare for a possible full shutdown. The company stated it is working “around the clock” to reach a deal and minimize disruption for trave...
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Tips for building your 2024 investment plan


As we enter the new year, it’s a good time to reevaluate your investment strategies and prepare for the evolving market conditions. Here are some tips to help you build a successful investment plan for 2024:

  • Reevaluate your investment strategies: Experts suggest that now is a good time to reevaluate your investment strategies and prepare for the evolving market conditions. Although Bank of Canada Governor Tiff Macklem has said it is too early to consider rate cuts, the central bank could begin cutting interest rates as early as April or May, according to forecasts from TD. Falling interest rates will be the story of 2024, so it’s important to invest accordingly.
  • Consider low-cost dividend-focused index funds: Investing in low-cost dividend-focused index funds can help you generate passive income at a low cost for life.
  • Be cautious with GICs: Last year, many investors chose to park money in savings or a short-term Guaranteed Investment Certificate (GIC), earning risk-free returns of 5 per cent or more. Although it was an effective strategy in a high-interest-rate environment, GIC rates are already falling, and completely opposite market forces are starting to take shape. Canadians looking to simply protect their cash in 2024 could be in for a “rough year,” potentially missing out on greater gains elsewhere.
  • Prepare for the evolving market conditions: With the market conditions evolving, it’s important to prepare for the changes. Falling interest rates will be the story of 2024, so it’s important to invest accordingly.


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