Bank of Canada Governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, Oct. 23, 2024. THE CANADIAN PRESS/Sean KilpatrickThe strike by some 55,000 workers at Canada Post is in its fourth week. Calls for government intervention in the contract talks have been mounting from the business community, but the government has so far said it’s not going to step in.
The central bank has cut its policy interest rate four times so far this year including a half-percentage point cut in October to bring it down to 3.75 per cent.Transat AT Inc. will report its fourth-quarter and full-year results on Thursday morning. The travel company has faced the headwinds of stiff competition, engine recalls and the threat of a strike this year, all of which have combined to weigh on its finances.Sobeys parent company Empire Co. Ltd.
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