Air Canada’s potential strike, AI’s failed hype to revolutionize drug discovery and a productivity slowdown: Business and investing news for Sept. 15

Air Canada’s potential strike, AI’s failed hype to revolutionize drug discovery and a productivity slowdown: Business and investing news for Sept. 15Air Canada says some operations will start to be affected as time is running out before a potential shutdown because of a labour dispute with its pilots. Air Canada pilots stand during an informational picket at Vancouver International Airport in Richmond, B.C., on Aug. 27.

in the next year, Vanmala Subramaniam reports. Between 70,000 and 130,000 international students holding postgraduation work permits will have expired visas in 2024 and 2025, according to estimates. Many will not receive visa extensions or an invitation to apply for permanent residency because of Ottawa’s shifting approach to immigration, specifically a series of policy changes aiming to cap the number ofCanada is finally seeing some relief after years of surging rents.

if the country’s productivity does not improve, Matt Lundy reports. TD chief economist Beata Caranci and senior economist James Marple write in their report, published Thursday, that productivity growth has ground to a halt. The slowdown has been especially bad in the construction industry, where productivity has tumbled to levels last seen in the 1990s. “Canada has seen its productivity go from bad to worse since the pandemic,” the TD report says.

In the latest outburst of labour unrest in Canada’s transportation sector, Air Canada pilots are threatening to strike. Which is the only group listed here that did NOT strike or get locked out over the past year?

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Business Matters: Air Canada prepares for partial shutdown ahead of looming pilot strikeAir Canada is working on plans to start suspending operations ahead of a looming pilot strike, the carrier said in a statement Monday morning. Unless a settlement is reached by Sunday, either Air Canada or the Air Line Pilots Association (ALPA), which represents 5,200 Air Canada pilots, could issue a 72-hour lockout or strike notice.
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Leading business groups ask Liberals to send Air Canada pilot dispute to binding arbitrationAir Canada pilots hold signs during an informational picket at Vancouver International Airport in Richmond, B.C., on Tuesday, August 27, 2024. Air Canada pilots voted overwhelmingly to approve a strike mandate last week, putting them in a position to walk off the job as early as Sept. 17.
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Business groups urge Ottawa to prevent Air Canada pilots strikeAround 100 business groups on Wednesday urged Ottawa to prevent a strike by Air Canada pilots, saying a stoppage would disrupt supply chains and spoil...
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Business groups urge Ottawa to prevent Air Canada pilots strikeAround 100 business groups on Wednesday urged Ottawa to prevent a strike by Air Canada pilots, saying a stoppage would disrupt supply chains and spoil...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »