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Market Jitters as Cooling GDP Meets Hotter Inflation

  US stock futures slipped on Friday as investors weighed a mixed batch of economic signals. Fresh data showed that US GDP growth cooled in the fourth quarter, while the Federal Reserve’s preferred inflation gauge—the core PCE index—picked up momentum, raising questions about the path of interest rates.  Futures tied to the Nasdaq 100 and S&P 500 dipped about 0.3%, while Dow Jones Industrial Average futures fell 0.2%, breaking a three‑day winning streak. Traders also kept a close eye on geopolitical tensions involving the US and Iran, as well as a potential Supreme Court decision on tariffs that could sway market sentiment.  The combination of slowing growth and rising inflation has left markets cautious. Investors are now looking ahead to upcoming economic releases for clearer direction on how the Fed may respond in the months ahead.
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WestJet Mechanics Strike: Over 150 Flights Cancelled Ahead of Long Weekend

In an unexpected turn of events, WestJet mechanics have gone on strike, leading to the cancellation of at least 150 flights starting this Saturday. The Aircraft Mechanics Fraternal Association (AMFA) initiated the strike due to the airline’s “unwillingness to negotiate with the union,” making the strike inevitable. This move followed a federal government order for binding arbitration after two weeks of turbulent discussions with the union.

Calgary-based WestJet expressed extreme outrage at the mechanics’ actions and vowed to hold AMFA accountable for the stress and costs incurred. Last year, WestJet narrowly averted a strike during the May long weekend, but this time, over 20,000 travelers will be impacted by the cancellations.

As the Canada Day long weekend approaches, passengers are left wondering about their travel plans, while the airline grapples with the unexpected labor disruption.

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