After a bitter contract dispute shut down the country’s two major railways, the federal labour board ordered thousands of rail employees back to work on Saturday. Federal Labour Minister Steven MacKinnon asked to send the parties to binding arbitration while an agreement is hammered out between Canadian National, Canadian Pacific Kansas City and the Teamsters
Canada’s labour minister said late Wednesday that “significant issues” remain in negotiations between the country’s two main rail companies and unions, making a nationwide rail shutdown almost certain. Labour Minister Steve MacKinnon spoke to Motorcycle accident toronto today in Calgary following a meeting with representatives of the Canadian Pacific Kansas City Ltd. and the Teamsters Canada Rail
The Bank of Canada is now less concerned about home prices spiking as it lowers its benchmark interest rate, minutes from the governing council’s latest meeting show. Deliberations from the July 24 meeting, where the central bank delivered its second consecutive quarter-point rate cut, were published on Wednesday.The Bank of Canada’s top monetary policymakers discussed
The Bank of Canada will get one final read of inflation figures this week before it has to make its next interest rate decision, with some economists predicting a return to cooling will fuel hopes for another cut. Statistics Canada is set to release its consumer price index (CPI) figures for June on Tuesday.The Bank
Descrease article font size Increase article font size Inflation accelerated in May as the costs of services and groceries ticked up, Statistics Canada said Tuesday. The annual rate of inflation was 2.9 per cent in May, the agency said. That’s up from the 2.7 per cent annual rate in April.Statistics Canada said inflation on services
The Bank of Canada lowered its benchmark interest rate by a quarter-percentage point on Wednesday, marking a significant turning point in the central bank’s efforts to tame inflation. The Bank of Canada’s policy rate now stands at 4.75 per cent following six consecutive holds in previous meetings. The key rate informs the cost of borrowing
Economists and market watchers are firming up their bets for Bank of Canada interest rate cuts after another soft inflation report showed more signs of easing price pressures. The annual inflation rate slowed to 2.7 per cent in April, Statistics Canada said Tuesday, as cooling grocery price pressures offset higher fuel costs.Inflation on food bought
Descrease article font size Increase article font size London Drugs said Tuesday that all of its stores stores in Western Canada have reopened. The update came more than a week after a cyberattack closed all 79 of its retail locations.Earlier this week the company said it had previously restored core services in 40 stores but
By Staff The Canadian Press Posted May 2, 2024 6:06 pm Updated May 2, 2024 7:06 pm 1 min read Descrease article font size Increase article font size Retailer London Drugs says it’s rebuilding its data infrastructure with the help of leading third-party experts to bring its operations safely back online after a cybersecurity incident
Affordability is one of the key focuses for the Liberal government in its latest budget, with housing taking centre stage with billions of dollars in sweeping policies targeting major reforms and changes. “Together, we will unlock the door to the middle class for more Canadians and renew the promise of our great country,” Finance Minister