Unifor, Canada's largest private-sector union, says its members at Ford, General Motors and Stellantis all voted between 98 and 99 per cent in favour of a strike mandate. Unifor members in Canada voted this weekend, while UAW voted late last week Workers at a trio of major automakers have voted …
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Jerome Powell’s Jackson Hole speech highlights central bank’s uphill battle to rein in inflation
Last year, the U.S. Federal Reserve chair's words crashed the markets. On Friday, they added to lingering uncertainty as the world's most powerful central banker admitted he really can't be sure what's coming next. U.S. Fed chair warns of more possible rate hikes but cites signs of economic cooling Anyone …
Read More »Back to school means back to basics this fall as Canadians come up against high prices
As inflation continues to put pressure on the cost of just about everything — from food to clothes to school supplies — Canadians across the country are preparing for the back-to-school season by turning to second-hand options as a way to save money. Donated goods offered across the country by …
Read More »He was scammed $16K from his BMO line of credit. The bank is charging him interest anyway
James Mathelier is out thousands of dollars after falling prey to a costly phone scam. Now, the Toronto man is bemoaning that his bank didn't do enough to protect him, and is even charging interest on the funds he lost from his line of credit. Bank of Montreal reimbursed 1 …
Read More »What a blow! Kleenex pulling out of Canadian consumer market
Consumer facial tissue brand Kleenex will soon be no more in Canada, as the company that makes the iconic product has decided to exit a major part of its business in this country. Corporate parent Kimberly-Clark cites 'unique complexities' of Canadian market to explain move Pass the facial tissue, Kleenex …
Read More »U.S. Justice Department sues SpaceX for discriminatory hiring practices
The U.S. Justice Department sued the Elon Musk-owned rocket and satellite company SpaceX on Thursday for allegedly discriminating against asylum seekers and refugees in hiring. Company is biased against asylum seekers and refugees in hiring decisions, lawsuit alleges The U.S. Justice Department sued Elon Musk-owned rocket and satellite company SpaceX …
Read More »RBC has cut jobs and is planning to cut more, bank reveals in quarterly earnings showing profit rise
Canada's biggest bank has cut about one per cent of its workforce since the start of May and is planning to cut up to two per cent more this quarter, RBC revealed in its quarterly earnings on Thursday. Bank has already shed 645 full-time positions and may cut up to …
Read More »Iran, Egypt, Saudi Arabia among 6 countries to join the BRICS alliance
Iran and Saudi Arabia were among six countries set to join Brazil, Russia, India, China and South Africa in the BRICS economic bloc next year, the bloc announced Thursday, a move that will likely throw more scrutiny on Beijing's political influence in the Persian Gulf. Move will expand bloc's economic …
Read More »Normal traffic returns to Suez Canal after 2 tankers collide
Normal traffic has resumed in the Suez Canal after a brief slowdown following the collision of two oil tankers in the world's most heavily trafficked waterway. World's busiest waterway has had numerous incidents and delays in recent years Normal traffic has resumed in the Suez Canal after a brief slowdown …
Read More »Canada to seek judicial review of latest U.S. decision on softwood lumber duties
The federal government is pushing back against the latest U.S. decision to keep imposing duties on Canadian softwood lumber. U.S. argues Canada's 'stumpage fee' system amounts to unfair subsidies on Canadian lumber The federal government is pushing back against the latest U.S. decision to keep imposing duties on Canadian softwood …
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