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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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Canada Post Temporarily Lays Off Striking Workers Amid Ongoing Strike

The Canadian Union of Postal Workers (CUPW) has reported that Canada Post has begun temporarily laying off striking workers as the nationwide strike by over 55,000 postal workers reaches its two-week mark. The union has condemned the move, calling it a "scare tactic" and is currently investigating the situation.

Canada Post has confirmed the temporary layoffs, stating that the ongoing strike has significantly impacted its operations. According to a Canada Post spokesperson, the layoffs are in accordance with the Canada Labour Code, which allows for changes in employment conditions during a strike. The union, however, argues that this action violates the code's provisions against employer interference during legally-protected job actions.

The union has urged its members not to panic and has committed to addressing this significant escalation in the labour dispute. Meanwhile, Canada Post has emphasized its commitment to negotiating new collective agreements and ensuring the future sustainability of its operations.

The situation remains tense as both parties navigate the complexities of the ongoing strike and its implications for workers and the postal service.




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