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WestJet's Strike Deadline Is Hours Away — Here's What You're Owed (and What You're Not)

  August 1, 2026 Thousands of flights are already being cancelled ahead of a possible strike this long weekend. Before you panic-book a new flight or file an insurance claim, here's what Canada's passenger rights rules actually cover — and the one detail almost nobody is explaining correctly. Where things stand this morning WestJet's roughly 4,000-plus flight attendants, represented by CUPE 8125, issued a 72-hour strike notice Thursday; WestJet answered with its own 72-hour lockout notice. Unless a deal is reached, a strike or lockout could begin as early as 12:01 a.m. Mountain time Sunday, Aug. 2. The airline has already started an "organized take-down" of its network, cancelling roughly 80 flights scheduled for today (Aug. 1) alone, with more cancellations expected as the deadline nears. Talks are still ongoing, and federal Labour Minister Steven MacKinnon has said negotiations are "progressing." The rights nuance almost no one is explaining correctly ...
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Powell’s Words Rattle Investors

 

US stock futures took a tumble today after Federal Reserve Chair Jerome Powell poured cold water on hopes for an early interest rate cut. As we head into a busy week of corporate earnings, investors are closely watching the impact of Powell’s statements on the recent market rally. S&P 500 ( ^GSPC) futures slipped 0.2%, signaling a pullback from the benchmark’s record-setting run, Dow Jones Industrial Average ( ^DJI) futures shed roughly 0.2%. and  Nasdaq 100 ( ^NDX) futures dropped 0.1%.

Powell, in a recent “60 Minutes” interview, reiterated the central bank’s cautious approach to rate cuts. He emphasized that the “danger of moving too soon is the job’s not quite done” in quelling inflation. Traders responded by scaling back their bets on rate cuts, not only for March but also for May, according to the CME FedWatch Tool.

US bonds sank, with the 10-year Treasury yield ( ^TNX) rising about six basis points to 4.08%. This move reflects the market’s recalibration of expectations following Powell’s remarks.

Investors are now turning their attention to quarterly results. Last week’s triumphant reports from Meta (META) and Amazon (AMZN) fueled the recent rally. Today, McDonald’s (MCD) disappointed with sales falling short of Wall Street estimates. The coming days will be crucial as a wave of corporate earnings reports determines whether the rally can sustain its momentum.


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