Economy

Unifor reaches tentative deal with Ford, averting autoworkers strike

Unifor reaches tentative deal with Ford, averting autoworkers strike

Unifor says it has reached a tentative deal with Ford Motor Co. that could avoid workers going on strike. The deal was reached after Unifor extended its strike deadline by 24 hours late Monday after receiving what it called a “substantive offer” from Ford.“We believe that this tentative agreement, endorsed by the entire master bargaining

B.C. port strike: Unionized workers vote to reject proposed contract settlement

B.C. port strike: Unionized workers vote to reject proposed contract settlement

In another chapter of the B.C. port strike, workers have now voted to reject a mediated contract offer, thereby possibly extending job action at some of Canada’s busiest ports. In an announcement late Friday, the International Longshore and Warehouse Union Canada (ILWU) president Rob Ashton said members have voted no to the contract and are

Bank of Canada raises policy rate to highest level in 22 years – National

Bank of Canada raises policy rate to highest level in 22 years – National

The Bank of Canada has raised its benchmark interest rate by another 25 basis points, bringing it to levels not seen since 2001 amid fears the decline in inflation “could stall.” The central bank’s key interest rate now stands at 5.0 per cent following back-to-back hikes.Many economists, including Canada’s big six banks, had expected the

Out of service: Local businesses suffer as N.S.-PEI ferry stalls again

Out of service: Local businesses suffer as N.S.-PEI ferry stalls again

The sole ferry service responsible for transporting travellers between Nova Scotia and eastern Prince Edward Island has been no stranger to challenges over the past year. In 2022, a fire broke out on Northumberland Ferries Limited’s MV Holiday Island vessel and put the ship out of service permanently. It was replaced by the MV Confederation