Skip to main content

Featured

TSX Surges Nearly 2% on Thursday as Bombardier Leads Broad Rally into May

Friday, May 1, 2026 | Canadian Money Brief | moneysavings.ca TSX Posts Strong Close to April Canada's main stock index finished April on a high note. The S&P/TSX Composite Index gained 645.94 points, or 1.9%, to close Thursday at 33,964.33. That capped a positive month for the index, with consumer, health-care, and discretionary sectors all contributing to the advance. The Canadian dollar recovered 0.47 cents to 73.62 cents U.S. Bombardier Steals the Show The session's headline mover was Bombardier. Bombardier jumped $48.59, or 20.4%, to close at $288.40 — the top of the main index — after the business jet maker beat estimates for first-quarter profit, helped by robust demand for its repair and maintenance services. On the broader earnings front, Bausch Health edged up 12 cents, or 1.7%, to $7.79, after the pharmaceutical firm's first-quarter results also beat estimates. Among notable decliners, Allied Properties REIT fell 26 cents, or 2.6%, to $9.84 after the...
Post a Comment
Read more

article

Labels

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.


Labels:

Comments

Post a Comment