economy

Union rescinds 72-hour B.C. port strike notice that had been set for Saturday

Jul 19, 2023 | 7:04pm

The union representing longshore workers in British Columbia says it has rescinded 72-hour strike notice that had sparked concerns the province’s ports could be shut down again by Saturday. In a brief note to its member locals, the International Longshore and Warehouse Union Canada says that effective immediately the strike notice dated for July 22 […]

Ottawa looking at all options as dock workers strike in B.C. resumes

Jul 19, 2023 | 9:12am

The federal government says it is looking at all options after the longshore workers union in B.C. rejected a tentative mediated deal and resumed strike action that had been put to a temporary halt last week. In a joint statement, Labour Minister Seamus O’Regan and Transport Minister Omar Alghabra say workers and employers across Canada cannot face […]

BoC raises key interest rate to 5%, expects slower return to inflation target

Jul 12, 2023 | 8:49am

The Bank of Canada raised interest rates again on Wednesday and released new projections that suggest it will take longer to get inflation back to two per cent. The central bank hiked its key interest rate by a quarter of a percentage point, bringing it to five per cent. Forecasters were widely anticipating the central […]

Labour minister asks mediator for terms to end B.C. port strike

Jul 12, 2023 | 5:08am

Labour Minister Seamus O’Regan has given a federal mediator 24 hours to send him recommended terms to end the British Columbia port strike that has snarled cargo in about 30 ports and spurred fears of supply chain chaos across Canada. O’Regan said in a statement issued late Tuesday that the gap between the positions of […]

Nutrien Curtailing Work at Cory Potash Mine

Jul 11, 2023 | 6:16am

Its more fallout from the strike that has gripped ports in BC. Nutrien has announced it is curtailing activity at its Cory Potash Mine south west of Saskatoon. In a news release Nutrien expects full-year 2023 Potash adjusted EBITDA will fall below the bottom end of its previous guidance range due to factors impacting offshore […]

Union rally planned for Vancouver as B.C. port strike continues into second week

Jul 9, 2023 | 7:16am

A rally is to take place in Vancouver today as the strike at British Columbia’s ports stretches into its second week. International Longshore and Warehouse Union Canada says the event supporting its workers is expected to include international labour leaders who will call for a negotiated contract settlement with the BC Maritime Employers Association. About 7,400 workers […]

Canadian unemployment rate rose to 5.4% in June as economy added 60,000 jobs

Jul 7, 2023 | 6:56am

Statistics Canada says the unemployment rate ticked up to 5.4 per cent in June. That’s up from 5.2 per cent in May and the highest it’s been in over a year. It also marked the second month in a row the unemployment rate has risen. The federal agency says the increase came as the economy […]

Canadians eligible for GST credit expected to receive ‘grocery rebate’ today

Jul 5, 2023 | 6:22am

Canadians eligible for the GST credit are expected to receive a special payment today to help with the rising cost of groceries. The payment, which the Liberal government is calling the grocery rebate, was promised in the spring budget to help Canadians cope with food inflation. The Canada Revenue Agency says approximately 11 million Canadians will receive […]

British Columbia port strike enters day four as talks stall

Jul 4, 2023 | 7:28am

The strike at British Columbia ports enters its fourth day after talks between the two sides stalled on Monday. More than 7,000 workers who load and unload cargo at more than 30 B.C. ports have been on strike since Saturday morning. Representatives for the BC Maritime Employers Association and the International Longshore and Warehouse Union Canada negotiated over the […]

Federal Natural Resource Minister reiterates hope for collaborations with Sask. government

Jun 29, 2023 | 3:03pm

Federal Natural Resource Minister Jonathan Wilkinson remains hopeful that Saskatchewan will work with the federal government on shared energy priorities. Wilkinson, who spoke at a Saskatchewan Chamber of Commerce event in Regina on Wednesday, reiterated that he believes both sides can reach a middle ground after Ottawa and the province clashed over differing net-zero plans. […]

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