Skip to main content

Featured

Canada Holds Steady: Interest Rate Pause Signals Cautious Confidence

                      The Bank of Canada also held its policy rate at its last scheduled rate announcement in December. The Bank of Canada has opted to keep its key interest rate at 2.25% , a move that underscores a careful balancing act as the country approaches a pivotal moment in North American trade relations. With CUSMA (the Canada‑United States‑Mexico Agreement) negotiations on the horizon, policymakers appear intent on maintaining stability while assessing potential economic turbulence. The decision reflects a mix of optimism and prudence. Inflation has been easing gradually, giving the central bank some breathing room. At the same time, global economic uncertainty and the high stakes of upcoming trade talks mean officials are reluctant to introduce new variables into the financial system. By holding the rate steady, the Bank of Canada signals confidence in the economy’s underlying resilience while acknowledgin...
Post a Comment
Read more

article

Labels

Canada Post Strike Enters Day 29: No End in Sight as Negotiations Stall


As the Canada Post strike reaches its 29th day, tensions remain high with no apparent resolution in sight. The Canadian Union of Postal Workers (CUPW) and Canada Post continue to be at odds over key issues such as wages, job security, and staffing for proposed weekend deliveries. 

Despite ongoing criticisms from both sides, federal mediation remains paused since late November, and there are no immediate plans to restart it. The federal labour minister has also resisted calls for government intervention, insisting that the two parties must reach an agreement independently.

This week, however, saw a small victory for the union as a mediated settlement was reached regarding a complaint over temporary layoffs during the strike. Canada Post has agreed to notify affected employees that they are not on a temporary layoff.

With Christmas fast approaching, the pressure is mounting on both sides to find a resolution soon. The strike, which involves over 55,000 workers, has already caused significant disruptions, and the public is growing increasingly concerned about the impact on holiday deliveries.

As negotiations continue, the hope is that both parties can come to an agreement that addresses their concerns and allows postal services to resume normal operations. Until then, Canadians are left waiting and hoping for a swift resolution.




Labels:

Comments

Post a Comment