Workers at hundreds of Starbucks stores began walking off the job during a key promotional event on Thursday, demanding improved staffing and schedules, the Workers United said on social media platform X. Canadian locations are not expected to be affected. Workers at hundreds of Starbucks stores began walking off the …
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Workers at 17 No Frills stores in Ontario could strike as of Monday, union says
The union that represents thousands of grocery store workers in Ontario says 17 No Frills stores across the province could be on strike as early as Monday unless the company steps up with improved compensation and working conditions. Moves comes after workers at 27 GTA Metro stores won industry-leading contract …
Read More »World Bank lends $500 million to help Philippines handle disasters
The World Bank’s board of executive directors approved a $500-million credit line to help the Philippines better handle disasters and climate threats, with a focus on protecting schools, health facilities and human settlements. It said in a statement Friday the Philippines Disaster Risk Management and Climate Development Policy Loan with …
Read More »U.S. union workers at General Motors appear to have voted down tentative contract deal
The union hasn’t posted final vote totals yet, but workers at five large factories who finished voting in the past few days have turned down the four year and eight month deal by fairly large margins. However, UAW president says the deal remains on track for approval. A tentative contract …
Read More »Housing market has gone into ‘hibernation’ CREA says, with lower sales, listings and flat prices
Canada’s housing market has gone into winter hibernation early this year, the group that represents realtors said Wednesday, with new data for October showing fewer sales, fewer new listings, and selling prices mostly flat. Buyer’s market in Ontario and British Columbia, economist says. Canada’s housing market has gone into winter …
Read More »NEDA releases guidelines to implement Digital Workforce Competitiveness Act
NEDA Secretary Arsenio Balisacan The National Economic and Development Authority (NEDA) said Wednesday it released the implementing rules and regulations (IRR) of Republic Act No. 11927, or the Philippine Digital Workforce Competitiveness Act, following a series of consultations with government agencies, private sector representatives and other stakeholders. It said the …
Read More »U.S. inflation rate eases to 3.2%, lower than anticipated
The U.S. inflation rate increased at a 3.2 per cent annual pace last month, lower than September’s level of 3.7 per cent and lower than economists were expecting. Prices didn’t budge at all in October. Inflation in the United States slowed last month in a sign that the Federal Reserve’s …
Read More »1st batch of newly minted Canadian coins bearing King Charles’s image unveiled
The Royal Canadian Mint revealed the design of its new coins during a news conference at its Winnipeg plant on Tuesday. Small number of 2023-dated coins to circulate in early December. The first Canadian coins featuring the face of King Charles were unveiled in Winnipeg on Tuesday, the King’s 75th …
Read More »Teck Resources agrees to sell steelmaking coal business in deals valued at $9B US
Vancouver-based Teck Resources Ltd. has agreed to sell its steelmaking coal business in a series of deals that value the operations at $9 billion US and will see Swiss commodities giant Glencore acquire a majority ownership. Board chair says deal unlocks value for Vancouver-based miner’s shareholders, supports responsible steelmaking. Teck …
Read More »Canadian rent prices hit new high for 6th month in a row, report suggests
The average asking price for a rental unit in Canada reached $2,178 last month, a 9.9 per cent year-over-year increase and continuing a trend that has seen asking rents hit new highs for six months in a row. Average rent for one-bedroom in Canada reached $1,906 in October; in Vancouver …
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