Hudbay Minerals sells stake in Arizona copper mine to Mitsubishi
Hudbay's stock was trading at C$15.61 midday Wednesday, a jump of more than 15 per cent.
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Ottawa Citizen
33 minutes ago
- Ottawa Citizen
Air Canada flight attendants go on strike, planes grounded
Air Canada grounded hundreds of flights and locked out flight attendants after they went on strike, disrupting some 130,000 passengers a day during the summer vacation season. Article content About 10,000 flight attendants walked off the job early Saturday after pay talks between the Canadian Union of Public Employees and the country's biggest airline fell through. At Toronto Pearson, Canada's busiest airport, the departure board showed one cancellation after another. Article content Article content Air Canada suspended operations of its main line and Rouge budget brand as the strike began at 12:58 a.m. Eastern time. The Montreal-based carrier had scrapped hundreds of flights in the days before the deadline and said it imposed a lockout in response to the stoppage. Article content Article content 'We are now officially on strike,' the union's Air Canada component said on its website. Article content It's a major interruption to the nation's air travel system. Air Canada is the country's biggest airline, with a 50 per cent share of domestic passengers at Toronto Pearson and about 61 per cent at Montreal's primary airport, according to a recent report from the country's competition watchdog, based on 2023 data. Article content The strike may cost Air Canada $75 million daily in earnings before interest, taxes, depreciation and amortization, TD Cowen analyst Tom Fitzgerald said in a note on Friday. Cargo operations will also be affected. Article content Article content Regional flights by Air Canada Express aren't affected because they're operated by third-party airlines, allowing some flights to US destinations such as Newark and Boston to go ahead. Article content Pay dispute at heart of labour action Article content Pay is a major sticking point in the negotiations. Air Canada said it offered to increase total compensation, including benefits and bonuses, by 25 per cent in the first year and 38 per cent over four years, and agreed to pay workers for some of the time they spend on the ground. Air Canada flight attendants are paid only when the aircraft is in motion and not for work such as boarding — a common practice in the industry. Article content Patty Hajdu, Canada's minister of jobs and families, said she met with both sides late Friday and urged them to keep working to make a deal. 'It is unacceptable that such little progress has been made,' she said in a social media post.
Calgary Herald
33 minutes ago
- Calgary Herald
Air Canada flight attendants go on strike, planes grounded
Air Canada grounded hundreds of flights and locked out flight attendants after they went on strike, disrupting some 130,000 passengers a day during the summer vacation season. Article content About 10,000 flight attendants walked off the job early Saturday after pay talks between the Canadian Union of Public Employees and the country's biggest airline fell through. At Toronto Pearson, Canada's busiest airport, the departure board showed one cancellation after another. Article content Article content Air Canada suspended operations of its main line and Rouge budget brand as the strike began at 12:58 a.m. Eastern time. The Montreal-based carrier had scrapped hundreds of flights in the days before the deadline and said it imposed a lockout in response to the stoppage. Article content Article content 'We are now officially on strike,' the union's Air Canada component said on its website. Article content It's a major interruption to the nation's air travel system. Air Canada is the country's biggest airline, with a 50 per cent share of domestic passengers at Toronto Pearson and about 61 per cent at Montreal's primary airport, according to a recent report from the country's competition watchdog, based on 2023 data. Article content The strike may cost Air Canada $75 million daily in earnings before interest, taxes, depreciation and amortization, TD Cowen analyst Tom Fitzgerald said in a note on Friday. Cargo operations will also be affected. Article content Article content Regional flights by Air Canada Express aren't affected because they're operated by third-party airlines, allowing some flights to US destinations such as Newark and Boston to go ahead. Article content Pay dispute at heart of labour action Article content Pay is a major sticking point in the negotiations. Air Canada said it offered to increase total compensation, including benefits and bonuses, by 25 per cent in the first year and 38 per cent over four years, and agreed to pay workers for some of the time they spend on the ground. Air Canada flight attendants are paid only when the aircraft is in motion and not for work such as boarding — a common practice in the industry. Article content Patty Hajdu, Canada's minister of jobs and families, said she met with both sides late Friday and urged them to keep working to make a deal. 'It is unacceptable that such little progress has been made,' she said in a social media post.
CBC
2 hours ago
- CBC
Air Canada suspends operations as flight attendants go on strike
Social Sharing Air Canada has suspended operations as more than 10,000 of its flight attendants went on strike early Saturday after the airline and the union failed to reach a deal ahead of the deadline. All Air Canada and Air Canada Rouge operations have been cancelled. Flights by Air Canada Express, which are operated by third-party airlines, are not affected. The airline says about 130,000 customers will be impacted each day that the strike continues and some 25,000 Canadians may be stranded abroad daily. Air Canada operates about 700 flights a day. The Canadian Union of Public Employees (CUPE) gave a 72-hour strike notice on Wednesday after midnight. Air Canada responded shortly after by saying it would lock out workers, and it began winding down operations on Thursday with a gradual suspension of flights. The contract fight escalated on Friday as the union turned down the airline's request to enter into government-directed arbitration, which would eliminate its right to strike and allow a third-party arbitrator to decide the terms of a new contract. Flight attendants walk off the job Flight attendants walked off the job at 12:58 a.m. ET Saturday. Around the same time, Air Canada said it would begin locking flight attendants out of airports. Federal Jobs Minister Patty Hajdu met with both the airline and union on Friday night. In a statement posted on social media, she said she urged them to "work harder" to reach a deal "once and for all." "It is unacceptable that such little progress has been made. Canadians are counting on both parties to put forward their best efforts," Hajdu said on social media platform X.
