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Wall Street Sinks as Tariff Jitters and AI Volatility Rattle Investors

U.S. stocks tumbled in a broad sell‑off today, with the Dow Jones Industrial Average plunging roughly 800 points as renewed tariff concerns and a wave of AI‑related volatility shook market confidence. The S&P 500 and Nasdaq also slid sharply, extending a week of choppy trading driven by political uncertainty and rapid shifts in tech sentiment. Investors reacted to escalating fears that new tariff measures proposed by President Trump could disrupt global supply chains and pressure corporate earnings. Tech stocks—already sensitive to policy shifts—were hit particularly hard as traders unwound positions tied to what analysts have dubbed the “AI scare trade,” a fast‑moving rotation away from high‑growth names. Market strategists noted that the combination of geopolitical tension, policy ambiguity, and stretched valuations created a perfect storm for a sharp pullback. Still, some analysts argue that the downturn reflects a recalibration rather than a fundamental shift, pointing out t...
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Canada Post Strike Enters Fourth Week: Negotiations Resume Amid Rising Tensions

The ongoing strike by Canada Post workers has now entered its fourth week, with the Canadian Union of Postal Workers (CUPW) and Canada Post appearing closer to resuming negotiations. The union, representing over 55,000 striking workers, sent new counter-proposals to the mediator this week, hoping to restart talks. Canada Post has confirmed it is reviewing these proposals.

The strike, which began on November 15, 2024, has caused significant disruptions, with Purolator and UPS pausing shipments from some courier companies due to a surge in package volumes. The business community has been calling for government intervention, but so far, the federal government has not stepped in.

Key sticking points in the negotiations include wage increases and the expansion of weekend delivery services. The union is pushing for better wages and staffing solutions for the proposed expansion, while Canada Post is reviewing how to manage these changes.

As the strike continues, the impact on businesses and consumers grows, with some companies warning of potential losses during the holiday season. The hope is that the new counter-proposals will bring both parties back to the negotiating table and lead to a resolution soon.



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