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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 Today: Dow, S&P 500, Nasdaq Futures Signal Rebound from Fed-Fueled Rout

                                          

U.S. stock futures indicated a rebound Thursday morning following a significant sell-off triggered by the Federal Reserve's latest interest rate decision. Futures tied to the S&P 500 rose by 0.5%, while those for the tech-heavy Nasdaq climbed 0.6%. The Dow Jones Industrial Average futures also saw a 0.5% increase.

The Federal Reserve's decision to scale back the number of anticipated rate cuts next year to two, coupled with Chair Jerome Powell's cautious remarks, led markets to interpret the move as a "hawkish cut," resulting in steep declines for the S&P 500 and Nasdaq. The Dow, meanwhile, is experiencing its longest losing streak in 50 years.

Despite the recent downturn, the Dow remains up over 12% for the year. On the economic front, the third estimate for third-quarter U.S. GDP showed a growth rate of 3.1%, surpassing earlier estimates. Additionally, weekly unemployment claims fell to 220,000, down from 242,000 the previous week.

Investors are now closely watching the market's response to these developments, hoping for a rebound in the coming days.




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