Canada Post makes new offers to union ahead of strike deadline
Canada Post has issued a new set of offers to the union representing postal workers as the clock ticks down to a possible strike.
The Crown corporation confirmed Wednesday it has filed a new set of proposals for workers in the urban bargaining unit and the rural and suburban units.
The Canadian Union of Postal Workers said its negotiating team was set to examine the proposals this afternoon.
The new offers come days after the union issued a strike notice that could see postal workers back on the picket line on Friday.
Bank of Canada rate cut odds for June fall after April inflation data
Signs that underlying inflation was picking up in April put the Bank of Canada in a tricky position ahead of its June interest rate decision, with some economists arguing a second straight pause is now more likely.
"It is going to make it a much more challenging backdrop for the Bank of Canada to continue cutting rates, at least in the near term," said Benjamin Reitzes, managing director of Canadian rates and macro strategist at BMO Capital Markets.
Canada Post report puts union in tight spot, experts say
A consequential report on Canada Post largely backs the Crown corporation's story about its flagging business, experts say, and bodes poorly for the union attempting to negotiate a better deal for the postal service's workers.
“If I was the union, I'm going to be very, very disappointed in this," said Marvin Ryder, associate professor of marketing and entrepreneurship at the DeGroote School of Business.
Canada Post hits pause on negotiations with union as May deadline approaches
Workers at Canada Post could be heading back to the picket lines in a matter of days — but a labour expert warns postal workers might find negotiating conditions far less favourable now than they were during their holiday job action.
Canada Post said late Tuesday it was hitting pause on negotiations with the Canadian Union of Postal Workers after days of talks between the parties bore little fruit.
Liberals projected to finish just short of a majority after very close election race
Prime Minister Mark Carney will lead a minority government after a very close general election race that left the Liberals just three seats shy of a majority.
Just before 4 p.m. ET on Tuesday, Elections Canada showed the Liberals projected to win 169 ridings after flipping one riding in Quebec from the Bloc Québécois earlier in the day.
The Conservatives won 144 seats and will form the official Opposition again. The Bloc Québécois followed with 22 seats, the NDP with seven projected seats and the Green Party with one seat.
Conservatives, Liberals called out over lack of 'prudence' in platforms
Pierre Poilievre is defending the Conservative campaign platform's heavy reliance on economic growth in a period of deep uncertainty, while the NDP and Liberals spar over cost-cutting.
The Conservative leader was campaigning in Hamilton, Ont., on Wednesday, with just days to go before the federal vote on Monday and a day after he released the party's costed campaign platform.
Advance poll turnout breaks record with 7.3M ballots cast, Elections Canada says
The waning days of the federal election campaign saw voters turn out in record numbers for advance polls and party leaders attempt to poke holes in each others' platforms.
Elections Canada said in a news release Tuesday that the four days of advance polling between Friday and Monday set a new record for turnout, with 7.3 million people casting ballots early.
That's up 25 per cent from the 5.8 million people who took part in advance voting in the 2021 federal election.
Poilievre vows not to impose a home equity tax as Liberals, NDP talk health care
Conservative Leader Pierre Poilievre is claiming the Liberals will impose a tax on Canadians' home equity if they're re-elected as the federal election campaign enters its final week.
The last day of advance voting in the general election saw federal leaders scattered across the country, pitching plans on homebuilding and health care.
Poilievre was in Toronto Monday afternoon speaking to an audience with CARP, the Canadian Association of Retired Persons. He was asked whether he would put any taxes on equity saved in Canadians' homes.
NDP, Conservatives focus on battleground B.C. heading into final election week
The Conservatives and NDP spent the weekend hunting votes in British Columbia — a key late-campaign battleground that one pollster says may offer Conservative Leader Pierre Poilievre his best shot at victory.
Both Poilievre and NDP Leader Jagmeet Singh addressed Canadians' cost-of-living concerns at campaign events in B.C. on Sunday.
Singh was asked if he was advocating strategic voting to shore up the party's flagging support against possible Conservative inroads in the region.
Bank of Canada holds key interest rate steady
The Bank of Canada left its benchmark interest rate unchanged Wednesday as it waits to get a clearer picture of how global trade uncertainty is going to impact the Canadian economy.
The central bank held its policy rate steady at 2.75 per cent, the first time it has left the key rate unchanged following seven consecutive cuts since June.
That decision arrived in the midst of the United States' ever-shifting global trade war, and Bank of Canada governor Tiff Macklem made clear that the disruption from south of the border was the clear focus of Wednesday’s decision.