Canada Post workers approve new five-year contract
After nearly two years of labour disputes, Canada Post employees have voted overwhelmingly to accept a new five-year contract, ending uncertainty.
Category : Corporate News
Canada Post union ratifies contract until 2029
Canada Post and CUPW reach a deal with 85% approval, ending labour uncertainty and ensuring stability until 2029 amid financial losses.
Canada Post Workers Ratify New Contract with Union Approval
Canada Post workers have voted to accept a new contract, ending months of negotiations. The deal includes wage increases and improved working conditions.
Canadian factory sector grows on likely war-linked stockpiling
Canada's manufacturing sector expanded in May, driven by stockpiling amid geopolitical tensions, according to the latest PMI data.
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CPKC Maintains Rail Ops During Strike
Canadian Pacific Kansas City Ltd. says it will maintain rail operations across Canada despite a strike by close to 300 signals workers. The union representing the workers announced the strike, but CPKC is committed to keeping trains running.
Cogeco Takes $1.7B Charge on U.S. Telecom Business
Cogeco announces a $1.7 billion non-cash impairment charge related to its U.S. telecom operations, reflecting challenging market conditions.
Strike Averted: Northstar Aerospace and Union Reach Tentative Deal
A tentative agreement between Northstar Aerospace and its union workers averts a strike in Windsor, ensuring continued operations at the facility.
Man Awaiting Trial Charged Again with Stunt Driving
Mitchel Hunter, 20, faces new stunt driving charges in Mississauga while awaiting trial for a fatal Brampton crash. Peel Regional Police arrested him after a traffic stop.
Steelworkers Ratify 5-Year Deal with Vale
USW Local 6500 members voted nearly 88% turnout and over 75% in favor of a new five-year agreement with Vale, averting a labour disruption in Sudbury and Port Colborne.
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WestJet: French Staff Must Know English
WestJet now mandates English proficiency for French-speaking employees, sparking debate over language policies in Quebec and workplace inclusivity.
Canada Post workers vote on new tentative deal
Canada Post employees are wrapping up voting on a new tentative agreement, with results expected soon. The deal aims to resolve ongoing labor disputes.
Trump admin seeks 82% North American auto content, half from U.S.
The Trump administration proposes raising North American auto content to 82% with 50% from the U.S., aiming to boost domestic manufacturing and reshape supply chains.
Canada Post logs $205M pre-tax loss in Q1
Canada Post reported a $205 million pre-tax loss in the first quarter, citing declining mail volumes and rising operational costs.
Laurentian Bank Reports Loss Amid Deal Progress
Laurentian Bank reported a quarterly loss as it works to finalize a deal with Fairstone and National Bank, citing restructuring costs and strategic shifts.
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Fertitta Buys Caesars for $17.6B, Creating Gaming Giant
Billionaire Tilman Fertitta acquires Caesars Entertainment for $17.6B, merging his gaming empire with iconic casino brand to create one of the largest gaming operators.
Paramount CEO Slams Mississauga Mayor Over Venue Renaming
Paramount Fine Foods CEO criticizes Mississauga mayor after city temporarily renames sports venue over alleged payment issues, considering legal action.
Trump Bought Dell Stock Before $9.7B Pentagon Deal
President Trump purchased up to $5M in Dell stock in February, months before Dell secured a $9.7B Pentagon contract, raising conflict of interest concerns.
Big Six Banks Optimistic Amid Volatility
Canada's Big Six banks express cautious optimism while navigating a challenging economic period, citing resilience and strategic adjustments.
Apotex Health Files Preliminary Prospectus for IPO
Apotex Health has filed a preliminary prospectus for an initial public offering, marking a significant step toward going public. The company aims to raise capital for expansion.
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CIBC Sells Caribbean Unit for US$1.6B
CIBC sells its Caribbean division for US$1.6 billion to focus on North America. Despite strong Q2 earnings, shares drop nearly 4% as analysts note weaker growth in retail and U.S. commercial divisions.
Hamilton Banquet Hall Staff Accused of Blocking AGCO Inspection
Employees at a Hamilton banquet hall allegedly locked doors to prevent an AGCO inspection, raising concerns about regulatory compliance and public safety.
Pentagon Loan to Trump Jr. Firm Pushed by White House Adviser
ProPublica reports that White House adviser Peter Navarro initiated a $620 million Pentagon loan to Vulcan Elements, a startup linked to Donald Trump Jr., raising ethics concerns.
Bank of Canada: Financial System Resilient Despite Global Uncertainty
The Bank of Canada reports the financial system remains resilient amid global turbulence, citing strong capital buffers and risk management.
Caesars Bought by Fertitta in $5.7 Billion Deal
Fertitta Entertainment acquires Caesars Entertainment for $5.7 billion, forming a massive US entertainment empire with casinos and restaurants.
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CIBC Sells Caribbean Unit for $1.6B, Beats Forecasts
CIBC beat Q2 profit estimates and announced the sale of its Caribbean business for US$1.6 billion, citing growth across all segments and volatile markets boosting trading revenue.
CPKC union signals strike notice for workers
Canadian Pacific Kansas City (CPKC) has been given strike notice by the union representing signals and communications workers, potentially disrupting rail operations.
Stoneshield Capital Fund IV Closes at €1.5 Billion
Stoneshield Capital announces final close of Opportunity Fund IV at €1.5 billion hard cap, oversubscribed with strong investor support and initial investments in Neinor Homes, Meliá Hotels, and Exolum.
Metro Strike in Laval to Weigh on Grocer's Bottom Line
A strike at Metro's Laval distribution centre is expected to hurt the company's earnings. The labour disruption affects supply chain operations in Quebec.
BP Fires Chair Albert Manifold After Bullying Claims
BP removes chair Albert Manifold after allegations of bullying and governance issues, causing shares to drop 4%.
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BMO Reports $2.63B Q2 Profit, Raises Dividend
Bank of Montreal announced a Q2 profit of $2.63 billion, up from $1.96 billion last year, and raised its dividend. The bank's performance highlights strong financial results amid economic shifts.
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