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Air Canada Flight Attendants Approve Strike Mandate Amid Contract Dispute

Air Canada Flight Attendants Edge Closer to Strike Action More than 10,000 Air Canada flight attendants have overwhelmingly voted—99.7% in favour—to grant their union a strike mandate, signaling growing frustration over stalled contract negotiations. The vote, conducted by the Air Canada Component of the Canadian Union of Public Employees (CUPE), does not guarantee a strike but empowers the union to call one if necessary. A legal strike could begin as early as August 16, following the expiration of a mandatory cooling-off period. Union president Wesley Lesosky criticized the airline for dragging its feet on key issues, including wages, unpaid hours, and working conditions. CUPE argues that flight attendants are only compensated for time between takeoff and landing, excluding critical duties like safety checks, boarding, and deplaning. Air Canada responded by acknowledging the vote as a standard part of the negotiation process and expressed its commitment to reaching a fair agreemen...
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Federal Reserve Signals Slower Rate Cuts Amid Economic Uncertainty

 

The Federal Reserve is poised to announce a quarter-point rate cut on Wednesday, reducing its benchmark rate from 4.6% to approximately 4.3%. This move follows a half-point cut in September and a quarter-point reduction in November. However, Fed officials are signaling a slower pace of rate cuts in 2025, with expectations of only two or three reductions compared to the four previously anticipated.

The central bank's policymakers are recalibrating their approach as inflation has significantly decreased from its peak of 7.2% in June 2022 to 2.3% in October. Despite this progress, inflation remains above the Fed's 2% target, and the economy continues to grow robustly. Fed Chair Jerome Powell has emphasized the need for caution as the benchmark rate approaches a "neutral" level that neither stimulates nor hinders economic growth.

The upcoming presidential administration's proposed economic policies, including potential tariffs and tax cuts, add to the uncertainty surrounding future rate decisions. As a result, Americans may see only slight relief from high borrowing costs in the near future.




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