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Wall Street Futures Rise Ahead of Thanksgiving Holiday

  US stock futures edged higher on Wednesday as investors looked to extend the market’s recent rally into the Thanksgiving holiday. Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures rose 0.2%, and Nasdaq 100 futures climbed 0.3% . The move follows a strong session on Tuesday, when the Dow surged more than 660 points (1.4%) , marking its third consecutive day of gains. Tech stocks continued to drive momentum, with Alphabet closing at record highs after reports that Meta may adopt Google’s TPU chips in the coming years. Meanwhile, Nvidia shares slipped over 2.5% as competition in the AI chip space intensified. Investors are also keeping a close eye on the Federal Reserve. Markets are currently pricing in an 85% probability of a quarter-point rate cut in December , which has helped bolster optimism. Lower Treasury yields and easing inflation pressures have further supported the bullish sentiment. Through the first two trading days of this holiday-shortened we...
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LCBO Stores Set to Reopen Tuesday After Resolving Last-Minute Dispute

 

The Liquor Control Board of Ontario (LCBO) and the Ontario Public Service Employees Union (OPSEU) have resolved a last-minute dispute, paving the way for LCBO stores to reopen on Tuesday. This resolution comes after a two-week strike that saw over 9,000 workers walk off the job.

The tentative agreement, reached on Friday, initially hit a snag when the union and the LCBO disagreed over the return-to-work protocol. The LCBO accused the union of introducing new monetary demands, while the union maintained that their demands were standard and had been used in previous strikes.

Despite the initial impasse, both parties confirmed on Saturday morning that the dispute had been resolved. Voting on the tentative deal is set to occur over the weekend, and if ratified, unionized workers will return to work on Monday, with stores reopening to the public on Tuesday.

The agreement includes an eight-percent pay raise over three years, the conversion of 1,000 casual employees to permanent part-time status, and the hiring of 60 additional full-time employees in warehouse operations. Additionally, there will be no store closures for the duration of the deal.

A significant point of contention was the expansion of ready-to-drink beverages into grocery and convenience stores. The Ford government expedited this timeline, allowing licensed Ontario grocery stores to sell these beverages ahead of schedule. A non-binding committee will be formed to determine the best way to implement these plans.

With the resolution of this dispute, Ontarians can look forward to shopping at LCBO stores again, knowing that their purchases support public services.


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