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Markets Soar to Record Highs as Loonie Rebounds Amid Trade Optimism

North American stock markets kicked off July with a bang, as the TSX, S&P 500, and Nasdaq all closed at record highs  on Monday, buoyed by strong tech performance and renewed optimism around global trade negotiations. The S&P 500 rose 0.52% to 6,204.95 , while the Nasdaq climbed 0.48% to 20,369.73 , both notching fresh all-time highs. The Dow Jones Industrial Average added 275 points , closing at 44,094.77. Canada’s TSX Composite Index also surged , reflecting investor confidence in the domestic economy and easing geopolitical tensions. Driving the rally were heavyweight tech stocks like Nvidia, Meta, and Microsoft, which continued to benefit from investor enthusiasm around artificial intelligence and digital transformation. The momentum was further supported by Canada’s decision to scrap its digital services tax, a move seen as a goodwill gesture to advance trade talks with the U.S.. Meanwhile, the Canadian dollar (loonie) rebounded  from last week’s dip, recovering g...
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Canada Post Halts Negotiations Amid Looming Strike Threat

Canada Post has announced a temporary pause in negotiations with the Canadian Union of Postal Workers (CUPW), citing a lack of meaningful progress in discussions. The decision comes just days before the current collective agreements expire on May 22, raising concerns about a potential labour disruption.

The Crown corporation stated that the pause would allow it to prepare comprehensive proposals aimed at moving discussions forward constructively. However, CUPW criticized the move, calling it "reprehensible" and expressing frustration over the uncertainty surrounding the negotiations.

The federal labour relations board had previously ordered workers back to their jobs in December 2024 after talks reached an impasse. With the deadline approaching, both parties face mounting pressure to reach an agreement that balances the financial challenges of Canada Post with the demands of its workforce.

As the situation unfolds, Canadians may soon experience disruptions in mail services, depending on the outcome of the negotiations. The union continues to push for improved working conditions, while Canada Post seeks solutions to ensure the long-term viability of its operations.

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