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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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Stock Market Edges Higher Ahead of Christmas Break

                                          

US stocks looked set for a mostly muted open to a final, shortened trading session before the Christmas holiday. Futures tied to the S&P 500 (ES=F) were up 0.1%, while those on the tech-heavy Nasdaq (NQ=F) rose 0.2%. Dow Jones Industrial Average futures (YM=F) hugged the flatline.

Wall Street is looking to enter its Christmas break rejuvenated, after tech stocks including AI chip giant Nvidia (NVDA) led the march higher on Monday. Markets close at 1 p.m. ET today and are off tomorrow for Christmas Day. Sizable gains on Friday and Monday have put the indexes back on the path toward their record highs, from which they took a Fed-fueled nosedive last week.

Wall Street is reassessing the path of interest rates next year as it grapples with the reality that the Fed mostly pulled off a so-called soft landing – but couldn’t fully shake the US economy’s inflation problem. According to the CME FedWatch tool, most bets are on two coming holds at the Fed’s January and March meetings, followed by a toss-up in May.

Meanwhile, many eyes continue to be trained on Nvidia, which saw a more than 3.5% gain on Monday. As Yahoo Finance’s Dan Howley writes, 2024 was Nvidia’s year, with the stock up some 180%. But 2025 could contain plenty of challenges.



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