Air Canada pilots near deal amid politics and union pressure
In Montreal the Air Canada negotiations with ALPA yielded a four year wage package totaling about 42 percent rise, urged by public opinion and a cautious government stance. The tentative agreement avoids a strike that would have grounded flights for 110,000 daily passengers and follows Trudeau saying Ottawa would not impose a settlement.
MENTIONED IN THIS ARTICLE
Montreal
Air Canada
John Gradek
Justin Trudeau
Gradek
McGill University
Toronto
Pearson
Trudeau
ALPA
Air Line Pilots Association
NDP
Pierre Poilierre
Michael Rousseau
Ottawa
Servatives
Delta Air Lines
United Airlines
American Airlines
Barry Prentice
University of Manitoba
Transport Institute
Rier Flair Airlines
Porter Airlines
Broad-based TSX gains as markets shift beyond tech
Broad-based stock strength lifted Canada's TSX on Monday while U.S. indexes mixed as investors anticipate a Fed rate cut later this week. The Dow rose strongly, the S&P 500 and Nasdaq were mixed, and oil and gas prices rose with Canada’s financial sector aided by rate-cut hopes and mortgage rule changes.
MENTIONED IN THIS ARTICLE
Toronto
Canada
U.S
Brian Madden
First Avenue Investment Counsel
Madden
New York
U.S. Federal Reserve
Fed
Jerome Powell
Manufacturing sales rise 1.4 percent in July to 71 billion
Statistics Canada reports manufacturing sales up 1.4 percent to 71 billion in July, led by petroleum and coal products and chemical products. June saw a 1.7 percent drop, while wood products fell 4.8 percent to 2.9 billion. In constant dollars, July sales were up 0.9 percent.
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StatCon
Ottawa
Statistics Canada
Eries
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