First Nation leaders tell Ford government to kill Bill 5
Critics of Doug Ford's Bill 5 say the proposed law would gut environmental protections for wildlife and infringe on treaty rights. As CBC's Mike Crawley reports, Ontario First Nations leaders are now warning of 'conflict on the ground' if it passes.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBC
2 hours ago
- CBC
Tensions flare at Best Western workers' strike in downtown Windsor
Social Sharing Dozens of people who work at the Best Western hotel in downtown Windsor are striking for higher pay after contract negotiations collapsed, the workers' union says. The roughly 40 members of Unifor Local 195 at the waterfront hotel went on strike after the clock struck midnight on Sunday. "The workers walked off their jobs as the contract expired, following a breakdown in negotiations between the union and the employer," the union wrote on social media. The hotel is owned by FHC Hotels & Resorts Inc., a subsidiary of Farhi Holdings Corporation. The company said in a statement that it "is disappointed by the strike action initiated by Unifor," adding that it has made "continued efforts to reach a fair and reasonable agreement through good-faith bargaining." Tensions at the picket line have already run high, with the company on Monday accusing picketers of assaulting a replacement worker as they tried to enter the building. Tyler McDiarmid, the CEO of Ironwood Management — which runs the hotel and provided the statement — said in a phone interview that the worker was grabbed, pushed, and blocked from entering the building. Windsor police confirmed they are investigating, but said they could not provide more details until the probe is complete. Emile Nabbout, the union local's president, said Monday that he was not at the picket line and therefore couldn't confirm whether an incident took place, but said the company had emailed him about an alleged assault. Nabbout said there are "always issues" at picket lines as people fight for their jobs, and said hiring replacement labour can lead to "uncomfortable" situations. Police could be seen at the hotel earlier in the day. Tammy Smith, the union chairperson, said the officer was there to educate striking workers on what they're allowed to do. "And of course, we're going to keep this peaceful, but keep the tempers down," she said. Smith said none of the striking workers expected the hotel to bring in replacement labour, but confirmed the hotel was still operating. "They did bring in scab labour and that's quite upsetting," she said. The union represents hotel staff at the front desk as well as housekeeping and maintenance. Smith said the last time they went on strike was in 1987, the year before she started working there. At the heart of the labour dispute is workers' pay, which sits just above minimum wage. Smith said they also want the company to take concessions off the table. "Our housekeepers make $18 an hour and it's just – they're barely able to make their bills," Smith said. "You've got people here who've been here anywhere 20, 30, 35 years who are making $18 an hour." Smith, who works in customer service at the hotel's front desk, said she's worked there for 37 years and makes $19 per hour. "I truly don't know why they're not willing to give us a living wage, a decent living wage," Smith said, adding that the minimum wage in Ontario is going up to $17.60 in October. "We need to get up there," she said. The company says it has increased pay over the past three years despite facing "soaring costs in property taxes, utilities, insurance, and rising interest rates. "Like many in the hospitality industry, we are operating under significant financial strain, compounded by recession warnings from major financial institutions," the statement said. The company also said its contract offer to the union "would provide the employees the best overall compensation of any private-sector hotel in the region." In the phone interview, McDiarmid said the offer would increase the lowest-paid workers' wages to roughly $18.85 per hour, which he said was in line with what some research has established as a living wage for the region. The living wage in southwestern Ontario, which includes Windsor and Sarnia, jumped 6.4 per cent between 2023 and last year, landing at $19.85 per hour, according to the Ontario Living Wage Network. Nabbout, the head of the union local, said the employer's offer is "absolutely" not enough and "insulting" compared to Farhi's profits. Both he and Smith urged the company to return to the negotiating table. "Let's negotiate and pull out a little bit of money to get these people back to work," Smith said. "That's all we want to do. We just want a fair contract and take those concessions off the table."
CTV News
2 hours ago
- CTV News
Here's a look at what happened at Saskatoon's first ministers' meeting
Regina Watch WATCH: CTV News Chief Political Correspondent Vassy Kapelos breaks down Monday's meeting between Canada's premiers and PM Mark Carney.
Globe and Mail
2 hours ago
- Globe and Mail
Stock Indexes Rebound on Strength in Chip Makers and Energy Stocks
The S&P 500 Index ($SPX) (SPY) Monday closed up +0.41%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.71%. June E-mini S&P futures (ESM25) are up +0.60%, and June E-mini Nasdaq futures (NQM25) are up +0.80%. Stock indexes on Monday recovered from early losses and settled higher. Strength in chip stocks led the broader market higher on Monday. Also, energy producers rallied after the price of WTI crude rose more than +2% to a 1-1/2 week high. In addition, US steel and aluminum producers soared Monday after President Trump pledged to double tariffs on US steel and aluminum imports to 50% from 25%. Stocks on Monday initially moved lower due to an escalation of trade tensions between the US and China. On Monday, China's Ministry of Commerce accused the US of unilaterally introducing new discriminatory restrictions, including new guidelines on AI chip export controls, curbs on chip design software sales to China, and the revocation of Chinese student visas, and vowed to take measures to defend its interests. The latest flare-up threatens to worsen trade relations even after President Trump expressed hope he will speak with Chinese President Xi Jinping this week to accelerate a trade truce. Economic concerns were also bearish for stocks after Monday's news showed US manufacturing activity last month unexpectedly contracted by the most in 6 months, and April construction spending unexpectedly declined. In addition, higher bond yields on Monday were bearish for stocks. The 10-year T-note yield Monday rose +6 bp to 4.46% as escalating trade tensions between the US and China led to a broad selloff of dollar assets, including Treasuries. Also, Monday's 2% jump in the price of WTI crude to a 1-1/2 week high has boosted inflation expectations, a hawkish factor for Fed policy. The US May ISM manufacturing index unexpectedly fell -0.2 to 48.5, weaker than expectations of an increase to 49.5 and the steepest pace of expansion in 6 months. US Apr construction spending unexpectedly fell -0.4% m/m, weaker than expectations of a +0.2% m/m increase. Fed comments on Monday were mostly supportive of stocks and bonds. Fed Governor Waller said, "Assuming that the effective tariff rate settles close to my lower tariff scenario, that underlying inflation continues to make progress to our 2% goal, and that the labor market remains solid, I would be supporting good news rate cuts later this year." Also, Chicago Fed President Goolsbee said the Fed can proceed with interest rate cuts if uncertainty around trade policy is resolved. On the negative side, Dallas Fed President Logan said the Fed can afford to be patient before acting on interest rates as "both sides of our dual mandate appear fairly balanced." The markets are discounting the chances at 5% for a -25 bp rate cut at the next FOMC meeting on June 17-18. The markets this week will focus on any new trade or tariff news. On Tuesday, Apr factory orders are expected to fall -3.2% m/m and the Apr JOLTS job openings report is expected to fall by -92,000 to 7.100 million. On Wednesday, the May ADP employment change is expected to climb by +110,000, and the May ISM services index is expected to rise +0.5 to 52.1. On Thursday, weekly initial unemployment claims are expected to fall by -5,000 to 235,000. On Friday, May nonfarm payrolls are expected to climb +125,000, and the May unemployment rate is expected to remain unchanged at 4.2%. Finally, May average hourly earnings are expected to rise +0.3% m/m and +3.7% y/y. Overseas stock markets on Monday settled lower. The Euro Stoxx 50 fell to a 1-week low and closed down -0.21%. China's Shanghai Composite was closed today for the Dragon Boat Day holiday. Japan's Nikkei Stock 225 closed down -1.30%. Interest Rates September 10-year T-notes (ZNU2 5) Monday closed down -9 ticks. The 10-year T-note yield rose +6.2 bp to 4.462%. Sep T-notes on Monday were under pressure as escalating trade tensions between the US and China have led to a broad selloff of dollar assets, including Treasuries. Also, a negative carryover from weakness in European government bonds weighing on T-notes. In addition, today's 2% jump in the price of WTI crude to a 1-1/2 week high has boosted inflation expectations, a bearish factor for T-notes. Losses in T-notes were limited due to dovish Fed comments after Fed Governor Waller laid out a scenario for the Fed to cut interest rates later this year, and Chicago Fed President Goolsbee said the Fed could proceed with interest rate cuts if uncertainty around trade policy is resolved. In addition, Monday's weaker-than-expected reports on May ISM manufacturing activity and Apr construction spending were bullish for T-notes. European government bond yields on Monday finished higher. The 10-year German bund yield rose +2.4 bp to 2.524%. The 10-year UK gilt yield rose +2.1 bp to 4.667%. The German May S&P manufacturing PMI was revised downward by -0.5 to 48.3 from the previously reported 48.8. The UK May S&P manufacturing PMI was revised upward by 1.3 to 46.4 from the previously reported 45.1. Swaps are discounting the chances at 98% for a -25 bp rate cut by the ECB at Thursday's policy meeting. US Stock Movers Chip stocks moved higher Monday to lend support to the overall market. Micron Technology (MU) closed up more than +4%, and Advanced Micro Devices (AMD) and Microchip Technology (MCHP) closed up more than +3%. Also, Broadcom (AVGO) and Marvel Technology (MRVL) closed up more than +2%. In addition, Nvidia (NVDA), Lam Research (LRCX), ARM Holdings Plc (ARM), and ASML Holding NV (ASML) closed up more than +1%. US steel and aluminum producers rallied Monday after President Trump said he would increase tariffs on US steel and aluminum imports to 50% from 25%. Cleveland-Cliffs (CLF) and Century Aluminum (CENX) closed up more than +20%. Also, Steel Dynamics (STLD) closed up more than +10% to lead gainers in the S&P 500. In addition, Nucor (NUE) closed up more than +10%, and Commercial Metals (CMC) closed up more than +5%. Energy producers and energy service providers moved higher on Monday as the price of WTI crude climbed more than +2% to a 1-1/2 week high. Devon Energy (DVN), Diamondback Energy (FANG), and Haliburton (HAL) closed up more than +2%. Also, APA Corp (APA), ConocoPhillips (COP), Hess Corp (HES), and Occidental Petroleum (OXY) are up more than +1%. Gold mining stocks rose Monday after the price of gold soared more than +2% to a 3-week high. Gold Fields Ltd (GFI) closed up more than +9%, and Anglogold Ashanti Plc (AU) closed up more than +7%. Also, Newmont (NEM) closed up more than +5%, and Freeport McMoRan (FCX) closed up more than +4%. Zscaler (ZS) closed up more than +6% to lead gainers in the Nasdaq 100 after UBS raised its price target on the stock to $315 from $260. Moderna (MRNA) closed up more than +1% after the FDA approved the company's new Covid vaccine for adults over 65 and anyone over 12 with at least one risk factor for severe disease. Vera Therapeutics (VERA) closed up more than +66% after reporting the primary endpoint was met in a Phase 3 trial of its atacicept for the treatment of immunoglobulin A nephropathy. Technology companies with the US government as a major client moved lower on Monday after The Wall Street Journal reported that funding cuts by the Trump administration have spread to technology contractors. As a result, Leidos Holdings (LDOS) closed down more than -4%, and CDW Corp (CDW) closed down more than -3% to lead losers in the Nasdaq 100. Also, Adobe (ADBE) and Dell Technologies (DELL) closed down more than -2%. Automakers retreated Monday as President Trump's pledge to boost tariffs on US steel and aluminum imports to 50% from 25% threatens to cut into the companies' profits. Stellantis NV (STLA), General Motors (GM), and Ford Motor (F) closed down more than -3%. Science Applications International (SAIC) closed down more than -13% after reporting Q1 EPS of $1.92, weaker than the consensus of $2.13. Centene (CNC) closed down more than -3% after Barclays downgraded the stock to equal weight from overweight, citing concern about Medicare Part D and individual Affordable Care Act businesses. Tesla (TSLA) closed down more than -1% after Tesla May new-vehicle registrations in France fell -57% y/y to an almost 3-year low. JB Hunt Transport Services (JBHT) closed down more than -1% after Goldman Sach downgraded the stock to neutral from buy. Crowdstrike Holdings Inc (CRWD), Dollar General Corp (DG), Donaldson Co Inc (DCI), Ferguson Enterprises Inc (FERG), Guidewire Software Inc (GWRE), Hewlett Packard Enterprise Co (HPE), Ollie's Bargain Outlet Holding (OLLI).
