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Markets Slip as Investors Bet on Extended U.S.–Iran Ceasefire

  Stocks Edge Lower as Investors Hope U.S.–Iran Ceasefire Will Hold Stocks drifted lower today as markets balanced cautious optimism over a potential extension of the U.S.–Iran ceasefire with persistent geopolitical and inflation concerns. Recent trading sessions have shown that even modest signs of diplomatic progress can meaningfully shift investor sentiment. Asian and U.S. markets rallied earlier this week on hopes that Washington and Tehran would continue negotiations, helping unwind some of the war-driven risk premiums that had pushed oil and volatility higher. Despite the pullback, investors remain hopeful that the ceasefire—currently set to expire soon—will be extended, giving negotiators more time to work toward a longer-term agreement. Reports indicate both sides are considering adding another two weeks to the pause, a move that has already helped push Brent crude below the recent peak of nearly US$120 per barrel. Lower oil prices have eased pressure on inflation expecta...
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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.




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