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Daily Markets Update: Oil Plunges 7.6%, TSX Rebounds as Midterms Day Arrives

  Oil had its worst day since July, and Canadian stocks took the hint. The S&P/TSX Composite recovered from Friday’s rout on Monday as crude tumbled on hopes of US–Iran talks, but a fresh chip selloff pulled the Nasdaq lower on Wall Street. Overnight, Asia was dragged by South Korean tech and Europe slipped after a reported US strike on Iran’s Qeshm Island pushed oil back up. It’s US midterms day. Here’s the full picture. Monday, Nov. 2 closing figures, plus Tuesday morning moves (as of early Tuesday ET; Tuesday numbers will keep changing). Market Snapshot Market Monday close Change S&P/TSX Composite 35,801.09 +0.51% Dow Jones 51,983.98 +0.41% S&P 500 7,541.40 −0.51% Nasdaq Composite 25,164.32 −1.07% Brent crude US$104.77 −7.6% WTI crude US$96.46 −7.4% Gold (spot) ~US$3,945 +1.3–1.8% Canadian dollar ~71.5¢ US flat US 10-year yield ~4.90% −2 to −5 bp Canada: TSX Bounces Back, Energy Takes the Hit The TSX gained 181.06 points, or 0.51%, to close at 35,801.09, recovering ...
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Dollarama's Expansion: New Opportunities and Employee Rights in Ontario

 

Dollarama is set to significantly expand its presence in Canada, aiming to open hundreds of new stores over the next decade. This ambitious plan is expected to create numerous employment opportunities across the country, particularly in Ontario. However, as the company grows, it's crucial for potential employees to be aware of their rights under Ontario's Employment Standards Act (ESA).


Here are three key rights that non-unionized workers should know:

1. No Rush to Sign Employment Contracts: Employees are not required to sign an employment contract immediately upon receiving a job offer. It's advisable to consult with an employment lawyer to ensure that the contract protects your rights.

2. Severance Pay During Probation: Even if you're fired during a probationary period, you might still be entitled to severance pay. The presence of a "probation clause" in your contract does not necessarily negate this right.

3. Inducement and Severance Entitlements: If you're recruited from another job and then terminated shortly after, you may be entitled to additional severance pay due to the inducement.

As Dollarama continues its expansion, understanding these rights can help employees navigate their employment journey with confidence and security.




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