
Canada Post, union to meet Wednesday as Friday strike looms
Canada Post spokesperson Jon Hamilton says the company will meet with the union representing Canada Post workers this week, as a Friday strike looms. The union says it will pause the potential strike if the corporation makes an offer before then. Canada Union of Postal Workers negotiator Jim Gallant tells Power & Politics the union would take two weeks to look over the offer.
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Globe and Mail
35 minutes ago
- Globe and Mail
The Smartest Growth Stock to Buy With $1,000 Right Now
Quick, think about soda companies. What brand comes to mind? Probably Coca-Cola (NYSE: KO). That makes sense, given that Coca-Cola is one of the largest and best-known consumer staples brands in the world. But is it the smartest growth stock to buy if you have $1,000 to invest right now? Don't hit the buy button until you read about this high-yield alternative. What does Coca-Cola do? From a big-picture perspective, Coca-Cola makes food, even though its products get their own category with the consumer staples space. Beverages are still a life necessity, even if its eponymous product is more for pleasure than need. The company is an industry powerhouse. Not only is Coke one of the best known, and most beloved, beverage brands, but Coca-Cola happens to have a massive distribution network, impressive marketing skills, and powerful research and development chops. The company's scale, meanwhile, gives it the wherewithal to act as an industry consolidator, buying up smaller brands and beverage concepts to round out its product portfolio. That, in turn, helps to keep Coca-Cola's brands relevant with consumers. The company's business is so strong that it has been a longtime holding of Warren Buffett within Berkshire Hathaway 's stock portfolio. If Buffett has put billions into Coca-Cola, why shouldn't you put in $1,000? There's one notable reason: Investors have fully priced Coca-Cola's shares. The stock's price-to-sales ratio and its price-to-earnings ratio are both above their five-year averages, and the dividend yield is near 10-year lows. The business is doing relatively well right now, but virtually everyone seems to know it. There's another option in the beverage space One of the other factors that sets Coca-Cola apart is its status as a Dividend King. But it isn't the only Dividend King beverage company. Direct competitor PepsiCo (NASDAQ: PEP) has increased its dividend annually for 53 years and counting. Meanwhile, PepsiCo's price-to-sales and price-to-earnings ratios are below their five-year averages, and its yield is toward the high end of its historical range. So, unlike Coca-Cola, PepsiCo looks cheap. PepsiCo stands out on the valuation front, but it also stands out on the diversification front. Like Coca-Cola, it has a globally diversified business. But PepsiCo operates in the salty snack and packaged foods spaces, too. That gives it more levers to pull to support long-term growth and more businesses to lean on when one of its divisions is facing difficulty. And make no mistake, every company, no matter how good, eventually faces hard times. The best companies, which include Dividend Kings, are the ones that successfully manage through the hard times. While Coca-Cola is performing quite well today, PepsiCo isn't. That's why its yield is a historically high 4.3% and its stock price has lost a third of its value since early 2023. But PepsiCo isn't giving up. In fact, it is leaning on its successful playbook and buying smaller brands (Siete and Poppi) that are more relevant with consumers right now. That should, in time, help PepsiCo to get back on the growth track. PepsiCo could be the contrarian play you've been looking for If you're looking at Coca-Cola today, you should probably give PepsiCo a closer look. But don't just think about how each business is performing this very second. Think about their valuations in relation to their performance and, just as important, what each company is doing to ensure they succeed. They both have solid businesses and are working on a bright future, but PepsiCo isn't getting any credit for it because it is facing some near-term headwinds. If you can think long term, putting $1,000 into PepsiCo today could end up being a huge win for your future wealth. Note that one of the keys to Buffett's investment approach is buying good companies when they look attractively priced. Between Coca-Cola and PepsiCo, it is PepsiCo that passes that simple screen. Should you invest $1,000 in Coca-Cola right now? Before you buy stock in Coca-Cola, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Coca-Cola wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,341!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $874,192!* Now, it's worth noting Stock Advisor 's total average return is999% — a market-crushing outperformance compared to173%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025


CTV News
37 minutes ago
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China tariffs affecting B.C.'s spot prawn season
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National Post
an hour ago
- National Post
Canadian resident accused of plot to shoot New York Jewish centre extradited to U.S.
OTTAWA — The U.S. Justice Department says a Pakistani citizen who was living in Canada has been extradited to New York, where he's accused of plotting to carry out a mass shooting at a Jewish centre. Article content The RCMP arrested Muhammad Shahzeb Khan in Quebec last September. Article content The Mounties said at the time he was in the process of planning a deadly attack targeting Jewish people in the U.S. and was facing charges in Canada. Article content He is now charged in the U.S. with attempting to provide material support to a foreign terrorist organization and attempting to commit terrorism that transcends national boundaries. Article content Article content The 20-year-old is set to appear in a New York court on Wednesday. Article content The U.S. Justice Department says Khan was planning an 'ISIS-inspired mass shooting' around the one-year anniversary of the Hamas attack in Israel on Oct. 7, 2024. Article content Jay Clayton, U.S. attorney for the Southern District of New York, said in a statement that Khan planned to 'use automatic weapons to kill as many members of our Jewish community as possible, all in support of ISIS.' The statement said Khan started posting on social media and communicating with people on encrypted messaging apps about his support for ISIS around November 2023. Article content After he shared ISIS propaganda online, he started communicating with undercover law enforcement officers. He told them he and an American associate, who is not named in the statement, were planning an attack. Article content Article content The Justice Department statement said Khan told the undercover officers to buy AR-style assault rifles, ammunition and other materials, and he gave them details about how he planned to cross the border. Article content Article content Last August, he changed his planned target and told the undercover officers he had decided to carry out a mass shooting at a Jewish centre in Brooklyn on or around Oct. 7, 2024. Article content 'During one communication, Khan noted that 'if we succeed with our plan this would be the largest attack on U.S. soil since 9/11,'' the statement said. Article content Khan tried to reach the U.S. border on Sept. 4, 2024. The Justice Department said he used three separate cars to travel through Canada toward the border and was stopped by Canadian authorities near Ormstown, Que., about 20 km from the border. Article content