Skip to main content

Featured

Bank of Canada Holds the Line as Global Turmoil Clouds Outlook

  Bank of Canada Governor Tiff Macklem takes part in a press conference in Ottawa on September 17, 2025 The Bank of Canada has opted to keep its key interest rate steady at 2.25%, a decision that reflects the delicate balancing act policymakers face as global uncertainty intensifies. With inflationary pressures rising and economic growth showing signs of strain, the central bank is navigating a narrow path shaped by forces largely outside its control. A major driver of the current tension is the surge in oil prices triggered by ongoing geopolitical conflict. Higher energy costs are feeding into broader inflation, raising concerns that price pressures could become more persistent. At the same time, elevated borrowing costs and weakening consumer confidence are weighing on domestic economic momentum. By holding the rate, the Bank of Canada signals caution: it aims to avoid stifling growth while still keeping inflation expectations anchored. The central bank emphasized that it rema...
Post a Comment
Read more

article

Labels

Amazon to Close All Quebec Warehouses, Lay Off 1,700 Workers

 

Amazon Canada has announced the closure of all seven of its warehouses in Quebec, resulting in the layoff of approximately 1,700 permanent employees and 250 temporary workers. The decision, which will take effect over the next two months, is part of a strategic move to revert to a third-party delivery model.

The affected facilities include fulfillment centers in Lachine, sorting centers in Coteau-du-Lac and Longueuil, delivery stations in Laval and Lachine, and an AMXL delivery station in Longueuil. Amazon claims that this decision was made to provide more efficient and cost-effective service to customers.

However, the move comes amidst ongoing labor disputes, particularly following the unionization of workers at the Laval warehouse last year. The Confédération des syndicats nationaux (CSN) has condemned the closures, suggesting they are part of an anti-union campaign.

Amazon has assured that it will offer a package including up to 14 weeks' pay and transitional benefits to the impacted employees. Despite this, the CSN plans to challenge the closures, arguing that they violate labor laws.

This decision marks a significant shift in Amazon's operations in Quebec and raises questions about the future of labor relations in the region.




Labels:

Comments

Post a Comment