Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– The United States Bureau of Labor Statistics reported on Friday that 12,000 jobs were added to the country’s economy in October. The low number was attributed to hurricanes and striking workers. However, the unemployment rate remained at 4.1 per cent, a signal of strength in the jobs market.
– Two Port of Montreal container terminals were shut down Thursday as a new strike by dockworkers began. Both the Viau and Maisonneuve terminals account for 40 per cent of the port’s container-handling capacity. The strike began at 10 a.m. CST on Thursday, affecting 320 workers. There is also an ongoing strike on overtime shifts for the entire port with the union representing the workers having a 24-hour work stoppage on Sunday. Schedules, work-life balance and pay raises are the major issues between workers and employers.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
– Employers at the Port of Vancouver received 72-hour strike notice on Thursday from forepeople represented by the International Longshore and Warehouse Union Local 514. The B.C. Maritime Employers Association issued a “final offer” to the workers on Wednesday. The president of the local ILWU chapter said it will enact an overtime ban and “refuse to implement tech change” starting Monday.
– Air Canada reported a third-quarter profit of C$2.04 billion, up from C$1.25 billion last year. However, operating revenue was reported at C$6.11 billion compared to C$6.34 billion in Q3 last year. On an adjusted basis, the airline earned C$2.57 per diluted share, down from C$3.41 one year ago.
