Business Brief: Now is the summer of our (labour) discontent

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Also in today’s edition: AI on whether there’s an AI bubble, and what’s a Toronto office tower worth, anyway

Good morning. Ontarians are now on day seven of a strike that has shut down more than 650 liquor stores across the province. While union leaders and Premier Doug Ford trade barbs over his plans to expand booze sales, the strike adds to a flurry of other labour disputes. And there are more to come. We’ll unpack what’s driving the strike surge, and what could tamp things down.

A strike by 9,000 Liquor Control Board of Ontario store has left booze, beer and wine shelves empty and wreaked havoc on the alcohol supply chains forWestJet aircraft maintenance engineers walked off the job, forcing the cancellation of 1,700 flights and disrupting the travel plans of hundreds of thousands ofby Canada Border Services Agency workers that resulted in a last-minute deal, or the ruling by Canada’s industrial relations board thatOver the past year the number of person days lost to...

That said, Canada’s job market has slowed a lot in recent months, with job vacancies falling and unemployment creeping up. That, coupled with a slowing economy, could make employers less able – or less willing – to agree to big wage demands.Wages are now rising faster than overall inflation. In June the average hourly wage for employees increased by 5.4 per cent compared to the year before, a slight uptick from the 5.1 per cent year-over-year rise the month before.

 

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