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Bitcoin Surpasses $100,000: A Landmark Achievement for Cryptocurrency

  In a highly anticipated milestone, Bitcoin has finally breached the $100,000 mark. This significant achievement comes amid a surge in investor optimism following the election of President Donald Trump, who has signaled a more crypto-friendly regulatory environment. The cryptocurrency's price soared past $100,000 late Wednesday night, reaching $101,512 at its peak. This rally was largely driven by Trump's nomination of Paul Atkins to chair the Securities and Exchange Commission (SEC). Atkins, known for his pro-crypto stance, is expected to ease the regulatory pressures that have previously hindered the industry's growth. Bitcoin's journey to $100,000 has been marked by volatility, but the recent political developments have provided a much-needed boost. Analysts predict that this milestone could pave the way for further growth, with some even suggesting that Bitcoin could reach $125,000 by the end of the year. Despite the celebratory mood, experts caution investors to r...
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Freight Train Standstill: Canadians Await Details on Railway Reopening

 

Businesses and industry leaders across Canada are holding their breath as they await updates on when freight trains will resume operations. The federal government has stepped in after a work stoppage brought all shipments to a halt for an entire day.

Months of tense negotiations between Canadian Pacific Kansas City Ltd. (CPKC) and Canadian National Railway Co. (CN) reached a breaking point when the two sides failed to reach a deal by 12:01 a.m. eastern time on Thursday. In response, both companies locked out workers.

Federal Labour Minister Steven MacKinnon swiftly intervened, asking the Canada Industrial Relations Board (CIRB) to impose binding arbitration on the parties. He also requested that the railways resume operations under the terms of the old collective agreement until new deals are in place.

CN promptly lifted its lockout in anticipation of a formal order from the board, while CPKC prepared to restart operations. However, the Teamsters union, representing rail workers, refused to discuss resuming service and instead challenged the constitutionality of MacKinnon’s direction.

The impact of this work stoppage extends beyond supply chains. Tens of thousands of commuters in Toronto, Montreal, and Vancouver rely on lines running on CPKC-owned tracks. The urgency to restore rail services is palpable, and all eyes are on the CIRB’s decision.


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