Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Canada Post's Final Offer: A Pivotal Moment in Labour Negotiations

 

Canada Post has presented what it calls its final offer to the Canadian Union of Postal Workers (CUPW), as negotiations continue amid an ongoing overtime ban. The Crown corporation's proposal includes a signing bonus of up to $1,000, improved cost-of-living allowances, and an end to compulsory overtime. However, key sticking points remain, including the hiring of part-time staff for weekend deliveries.  

The union, representing 55,000 workers, had been in a strike position but opted for an overtime ban instead. Canada Post has reported a significant decline in parcel volumes—down 65% compared to last year—due to ongoing uncertainty.  

With losses exceeding $4 billion since 2018 and a $1-billion federal loan keeping the organization afloat, Canada Post faces critical questions about its future. As negotiations unfold, the outcome of these discussions could shape the trajectory of the postal service for years to come.

Labels:

Comments

Post a Comment