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Air Transat Faces Flight Suspensions Amid Pilot Strike Notice

  Air Transat has announced it will gradually suspend flights starting Monday following a 72-hour strike notice issued by its pilots’ union. The Air Line Pilots Association (ALPA), representing roughly 700 pilots, delivered the notice after nearly a year of unsuccessful negotiations with the airline’s parent company, Transat A.T. Inc. Background The union filed the strike notice on Sunday, giving pilots the legal right to walk off the job as early as Wednesday. Last week, pilots voted 99% in favor of strike action , underscoring their frustration over stalled contract talks. ALPA leaders emphasized that pilots do not want to strike but feel compelled to act after management failed to meet demands for a modernized agreement. Airline Response Air Transat confirmed it will begin suspending flights gradually between December 8 and 9 to prepare for a possible full shutdown. The company stated it is working “around the clock” to reach a deal and minimize disruption for trave...
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Tech Surge Propels TSX to Record High Amid Market Optimism

Canada’s main stock index, the Toronto Stock Exchange (TSX), soared to a record high on Monday, driven by strong gains in the technology sector and broad-based market optimism. The S&P/TSX Composite Index closed at 26,073.13, marking a 0.8% increase, surpassing its previous record set last Tuesday.

Investor sentiment was buoyed by easing global trade tensions, with U.S. President Donald Trump backing down from proposed 50% tariffs on European Union shipments, providing a lift to global markets. The technology sector led the charge, advancing 1.8%, while industrials and consumer discretionary stocks also posted solid gains.

Among the standout performers, ATS Corp saw its shares jump 20.3% following better-than-expected quarterly revenue results. Meanwhile, Ivanhoe Mines faced a setback, with its stock tumbling 16.2% after suspending its output forecast due to seismic activity at its copper mine in the Democratic Republic of Congo.

With all 10 major sectors on the TSX ending higher, analysts suggest that the market breadth seen in this rally could support*further gains in the near term. As investors continue to monitor economic indicators and corporate earnings, the TSX’s momentum remains a key focus in the financial landscape.

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