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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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Postal Talks Resume Amid Ongoing Overtime Ban

Canada Post and the Canadian Union of Postal Workers (CUPW) are set to return to the bargaining table as an overtime ban continues to impact operations. The union, representing 55,000 postal workers, opted for the ban instead of a full strike, citing unresolved issues such as wages, part-time staffing, and weekend deliveries.

Canada Post has proposed further negotiations and is expected to respond to the union’s latest proposals presented on Sunday. The postal service has reported a significant drop in parcel volumes, with last week’s numbers down 50% compared to the previous year. 

While the overtime ban remains in effect, both parties are working toward a resolution that balances worker demands with the financial realities of Canada Post. The outcome of these negotiations could shape the future of postal services across the country.

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