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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: What Canadians Need to Know


Canada Post workers may soon walk off the job as negotiations between the Crown corporation and the Canadian Union of Postal Workers (CUPW) remain deadlocked. With the current collective agreement set to expire on May 22, a strike or lockout could disrupt mail and parcel delivery nationwide.

The key sticking points in negotiations include worker pay, benefits, pensions, and the use of temporary employees for weekend parcel delivery. Canada Post argues that these changes are necessary to remain competitive in the evolving delivery market, while the union insists on protecting full-time jobs and fair working conditions.

The potential strike follows a 32-day work stoppage in late 2024, which led to significant delays in mail and package deliveries, including passport processing and holiday shipments. The federal government intervened at the time, ordering employees back to work and extending the collective agreement to May 22, 2025.

As the deadline approaches, Canadians are advised to prepare for possible disruptions by sending important mail early and considering alternative delivery options. The government may step in again if negotiations fail, but for now, the future of Canada Post’s workforce remains uncertain.

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