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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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Parcel Delivery Disrupted as DHL Express Canada Locks Out 2,100 Workers Amid Labour Dispute

 



DHL Express Canada has locked out 2,100 workers after failing to reach a contract agreement with Unifor, the union representing truck drivers, couriers, and warehouse employees. In response, Unifor launched a strike, escalating tensions in the parcel delivery sector.

The dispute centers around proposed changes to the driver pay system and concerns over the use of replacement workers before new legislation banning them takes effect on June 20. DHL maintains that its contingency plan will minimize service disruptions, but Unifor warns that the lockout could impact major events, including the upcoming Formula One Canadian Grand Prix in Montreal.

The labour unrest comes at a time when Canada Post is also facing challenges with its workforce, adding further strain to the country's parcel delivery network. As negotiations stall, customers and businesses alike brace for potential delays in shipments.


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