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Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged , giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint. Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing.  Following Powell’s speech, U.S. Treasury yields reversed their earlier declines , influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%) , while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%).  Investors also kept a close eye on geopolitical developments, particularly tensions in the Midd...
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Canada Post Strike Looms as Union Reviews Latest Offers

As the deadline for a potential strike approaches, the Canadian Union of Postal Workers (CUPW) is carefully reviewing the latest proposals from Canada Post. Representing approximately 55,000 employees, the union has expressed concerns over key aspects of the offer, including wage increases, cost-of-living adjustments, and proposed changes to work schedules.

Canada Post has put forward a wage increase of 13.59% over four years and additional benefits, including six extra personal days. However, the union argues that the offer falls short of expectations, particularly in addressing inflation and job security concerns. One of the most contentious points is the introduction of part-time positions to facilitate seven-day-a-week delivery, which the union fears could undermine existing collective agreement rights.

With the strike deadline set for midnight on May 23, Canadians are bracing for potential disruptions in mail and parcel deliveries. If workers walk off the job, it would mark the second strike in less than six months, further complicating operations for the national postal service. Canada Post has rejected the union’s request for a two-week extension to review the proposals, emphasizing the need for swift resolution.

As negotiations continue, businesses and residents alike are watching closely, hoping for an agreement that balances worker rights with operational sustainability.

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