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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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Ontario WSIB Workers Set to Strike Over Workload and Wages Dispute


Thousands of workers at Ontario's Workplace Safety and Insurance Board (WSIB) are preparing to strike after failed negotiations between their union and WSIB management. The Ontario Compensation Employees Union (OCEU), part of the Canadian Union of Public Employees (CUPE), announced that rolling strikes would begin on May 21, with picket lines forming in multiple cities across the province, including Toronto, Windsor, and Ottawa.

The union has accused WSIB of failing to present a meaningful offer, particularly on key issues such as workload, wages, and union representation. OCEU President Harry Goslin stated that excessive workloads are negatively impacting workers' mental health, leading to increased rates of anxiety and depression among employees. 

WSIB acknowledged the possibility of service disruptions due to the strike but expressed hope for a fair and reasonable agreement with the union. More than 3,000 OCEU members voted overwhelmingly in favor of the strike earlier this month, signaling strong support for job action.

The union plans to hold a media availability session on May 22 outside WSIB offices in Toronto to provide updates on the situation. As negotiations remain at an impasse, Ontario residents relying on WSIB services may experience delays in claims processing and other workplace safety-related matters.


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