Skip to main content

Featured

Air Transat Faces Flight Suspensions Amid Pilot Strike Notice

  Air Transat has announced it will gradually suspend flights starting Monday following a 72-hour strike notice issued by its pilots’ union. The Air Line Pilots Association (ALPA), representing roughly 700 pilots, delivered the notice after nearly a year of unsuccessful negotiations with the airline’s parent company, Transat A.T. Inc. Background The union filed the strike notice on Sunday, giving pilots the legal right to walk off the job as early as Wednesday. Last week, pilots voted 99% in favor of strike action , underscoring their frustration over stalled contract talks. ALPA leaders emphasized that pilots do not want to strike but feel compelled to act after management failed to meet demands for a modernized agreement. Airline Response Air Transat confirmed it will begin suspending flights gradually between December 8 and 9 to prepare for a possible full shutdown. The company stated it is working “around the clock” to reach a deal and minimize disruption for trave...
Post a Comment
Read more

article

Labels

Canadian Inflation Climbs to 1.9% in January as Core Measures Edge Higher

 

Canada’s annual inflation rate in January rose modestly to 1.9%, up slightly from December’s 1.8% . The increase was largely driven by a surge in energy prices—especially gasoline and natural gas—which counterbalanced the downward pressure on prices provided by the recent GST/HST tax break on select goods ; additional details were outlined by Statistics Canada.

Core inflation measures, which exclude the more volatile food and energy components, also recorded an uptick. Both the CPI-median and CPI-trim indexes climbed to 2.7%, indicating persistent underlying price pressures despite headline inflation staying near the Bank of Canada’s target range of 1–3%.

Analysts suggest that while the tax holiday helped ease food price inflation—leading to declines in some categories—the rebound in energy costs has nudged overall inflation upward. With the temporary tax break now ended, economists will be closely monitoring upcoming data to determine if this modest rise is a temporary anomaly or a sign of more entrenched inflationary pressures.

By keeping a keen eye on core inflation metrics, policymakers and market watchers alike are preparing for future monetary decisions aimed at keeping inflation in check as new data emerges.


Labels:

Comments

Post a Comment