The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75 per cent, its first bigger-than-usual move in more than four years, and hailed signs the country has returned to an era of low inflation.
Bank of Canada cuts rates, hails ‘good news’ on low inflation
Montreal port says strike by workers is over, clients can expect delays
A three-day strike by unionized Montreal port workers that shut down two container traffic terminals ended early on Thursday as scheduled.
Canada rail union launches court challenges to back-to-work order
The Teamsters Canada Rail Conference union representing workers at CN and CPKC said has filed court challenges against rulings by the Canadian Industrial Relations Board, which forced them back to work.
CN workers threaten strike, vow to fight Canada move to end rail shutdown
The union representing workers at Canadian National Railway said on Friday they would strike next week, in a fresh threat to the economy after vowing to challenge a government decision to end an unprecedented rail stoppage.
Canada rail companies and union must work hard to reach deal, says Ottawa
Canada's two main railway companies and the Teamsters union must do the hard work necessary to reach labor deals and avoid a full stoppage, federal Labour Minister Steve MacKinnon said on Monday.
Industry and shippers brace for Canada rail stoppage, fear ‘catastrophe’
North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could inflict billions of dollars' worth of economic damage.
Bank of Canada cuts rates, sees weaker economy in 2024
The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5 per cent, and said more reductions in borrowing costs were likely if inflation continued to cool in line with forecasts.
Railway workers at CN, CPKC vote to strike, says union
Thousands of railway workers in Canada at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) have voted overwhelmingly to strike as early as May 22, the union said today.
Competition bureau has major concerns about proposed Bunge-Viterra merger
The Competition Bureau on Tuesday said it had identified major competition concerns around the proposed merger between U.S. grains merchant Bunge and Glencore-backed Viterra.
Alberta to ban renewables projects on prime agricultural land
Rules could create a backdoor land ban, analyst says
Alberta will ban renewable power projects on prime agricultural land and erect buffer zones to ensure wind turbines do not spoil scenic views, the provincial government said on Wednesday.
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