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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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Markets Waver as Jobs Data and Trade Talks Take Center Stage

U.S. stock futures were on shaky ground Wednesday morning as investors digested a surprising drop in private-sector employment and braced for potential turbulence from looming trade deadlines. The Dow Jones Industrial Average hovered near the flatline, while S&P 500 futures dipped 0.1% and Nasdaq 100 contracts slid 0.3%.

The latest ADP report revealed that private employers cut 33,000 jobs in June, marking the first monthly decline in over two years and falling far short of economists’ expectations for a 98,000-job gain. This unexpected contraction has intensified speculation that the Federal Reserve may consider interest rate cuts sooner than anticipated.

Meanwhile, attention is turning to President Trump’s trade negotiations, with a July 9 deadline fast approaching for the resumption of steep “reciprocal” tariffs. Markets are watching closely to see if deals can be struck with key partners like the EU and Japan, as failure to do so could stoke inflation and further complicate the Fed’s policy path.

Adding to the uncertainty is the fate of Trump’s sweeping tax-and-spending bill, which narrowly passed the Senate and now faces a contentious vote in the House. The bill’s outcome could significantly influence market sentiment heading into the July 4 holiday.



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