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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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Wall Street’s Momentum Cools After Its Latest Record-Setting Week

 

Wall Street, fresh from its recent record highs, has taken a step back as the new trading week begins. The S&P 500 dipped by 15.99 points, representing a 0.3% decline, settling at 5,218.19 in a subdued day of trading. Meanwhile, the Dow Jones Industrial Average experienced a 162.26-point drop (equivalent to 0.4%) to reach 39,313.64. The Nasdaq composite also retreated, losing 44.35 points (or 0.3%) to close at 16,384.47.

This cooling momentum comes after a remarkable run for Wall Street, which had been scaling new heights. Investors are closely monitoring the Federal Reserve for any signals regarding potential interest rate cuts. The recent surge in the U.S. dollar against the Japanese yen has also raised concerns, prompting speculation about market intervention. The dollar’s ascent to nearly 152 yen—a significant jump from slightly above 130 yen a year ago—has drawn attention. Meanwhile, the euro stands at $1.0818, up from $1.0810.

In Asia, shares exhibited mixed performance. Japan’s Nikkei 225 declined by 1.2%, reaching 40,414.12, as investors booked profits following the index’s recent record-breaking highs. Hong Kong’s Hang Seng edged up by 0.2% to 16,535.89, while China’s Shanghai Composite gained 0.3%, closing at 3,056.52. The Chinese yuan (renminbi) weakened to a four-month low of 7.2282 against the U.S. dollar. Australia’s S&P/ASX 200 bucked the trend, rising by 0.5% to 7,811.90. South Korea’s Kospi experienced a slight decline, losing 0.2% to settle at 2,743.04.

As the week unfolds, investors remain watchful for further cues from the Federal Reserve and potential market developments. Wall Street’s recent retreat serves as a reminder that even record-setting rallies can encounter moments of moderation.

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