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Air Canada Restructures, Cuts 400 Management Jobs

                    Air Canada cuts about 400 management jobs, says decision not related to flight attendants strike. Air Canada has announced the elimination of roughly 400 management positions, representing about one per cent of its total workforce. The airline described the move as a “difficult decision” following an extensive internal review aimed at streamlining operations and improving efficiency. The cuts affect non-unionized management roles and, according to the company, will not impact day-to-day flight operations or customer service. Air Canada emphasized that it regularly evaluates its resources to ensure they are aligned with business needs and long-term growth plans. The announcement comes just weeks after the airline faced financial turbulence linked to a three-day strike by more than 10,000 flight attendants, which led to thousands of cancellations and significant losses. While Air Canada has stated the manag...
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Trump Implements 25% Tariff on Steel and Aluminum Imports

 

In a significant move, former U.S. President Donald Trump announced a 25% tariff on steel and aluminum imports, effective immediately. This decision follows a day of intense trade negotiations and threats to raise the tariff to 50%. The tariff aims to protect American industries but has sparked concerns about potential economic repercussions and strained relations with key trading partners, including Canada.

The announcement came after Ontario Premier Doug Ford agreed to suspend a proposed tax on electricity exports to the U.S., which had escalated tensions. Both sides are set to engage in further discussions to address trade disputes and explore revisions to the U.S.-Mexico-Canada Agreement (USMCA).

The tariffs are expected to impact global trade dynamics, with Canada and other affected nations preparing to respond. Critics argue that such measures could lead to higher costs for consumers and businesses, while supporters believe they will bolster domestic manufacturing.

This development underscores the complexities of international trade and the challenges of balancing national interests with global economic stability.

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