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TSX Powers Up as Tariff Fallout Takes a Bite Out of Earnings
TSX Powers Up as Tariff Fallout Takes a Bite Out of Earnings

The Market Online

time2 days ago

  • Business
  • The Market Online

TSX Powers Up as Tariff Fallout Takes a Bite Out of Earnings

Futures inched higher this morning as steeper tariffs on Canadian imports took effect, signaling trade tensions are escalating but largely expected. Ongoing strength in corporate earnings helped keep investor momentum intact despite geopolitical headwinds. Market Numbers (Futures) TSX : Up ( 0.60%) 28,088.40TSXV: Up (0.36%) 786.54DOW: Up (0.44%) 44,504.00NASDAQ: Up (0.73%) 23,596.50 FTSE: Down (0.81%) 9,090.47 In the Headlines: Amazon's bid to erase a union win in B.C. was brutally shot down by the Labour Relations Board, calling out its hiring surge as a naked attempt to dilute worker power. And Toyota just took a gut punch, its Q2 profit cratered 37%, knocking billions off its annual outlook thanks to Trump's tariff hammer. Currencies Update: (Futures) The loonie holds the line, barely nudging to USD$0.7284 and up 0.05% to $0.6245 against the EURO, a dead heat with both majors. Crypto steals the spotlight again today, with Bitcoin ripping 1.95% higher, landing at CDN$159,935.97 Commodities: (Futures) Natural Gas: Up (0.13%), 3.08WTI: Up (0.63%), 64.76Gold: Up (0.45%), 3,381.97 Copper: Up (0.14%) 5.99 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here

Amazon fails in bid to overturn unionization of B.C. facility
Amazon fails in bid to overturn unionization of B.C. facility

Global News

time3 days ago

  • Business
  • Global News

Amazon fails in bid to overturn unionization of B.C. facility

British Columbia's Labour Relations Board has rejected a bid by e-commerce giant Amazon to overturn an earlier decision that awarded union certification to workers at a facility in Delta, B.C. In a new decision dated Tuesday, a Labour Relations Board panel ruled that it agrees with the board's original decision in July that ordered remedial certification due to Amazon ramping up hiring 'in order to thwart the union's certification application.' The panel says evidence presented by union Unifor showed 'a deliberate decision by the employer' to increase its employee roster to dilute union support during its membership drive. The decision also says the move for Amazon to intentionally pad its employee list and then using it to argue that union does not meet the threshold for certification 'is manipulating the employee list in order to avoid certification.' 4:58 Amazon Canada workers look to unionize Amazon had applied for the Labour Relations Board to reconsider its original July decision, and the latest decision says the company argued that the last board panel had erred in applying labour laws to the case — as well as in it awarding remedial certification to the union. Story continues below advertisement The company had argued that evidence showed 'there was an operational need for additional staff' while what was described as a 'pervasive anti-union campaign' was protected by employer free-speech rights. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The panel, however, disagreed. 'In our view, the original decision adopts the correct approach, which is to consider the employer's conduct as a whole,' the decision says. Citing precedent, the panel writes, 'We note that the kinds of activities in which the employer engaged in the present case are the 'classical hallmarks of an interference in the formation or selection of a trade union.'' The panel says that Amazon's move to 'knowingly and improperly' pad the employee list is 'sufficiently egregious' to justify its original decision to order union certification. 'From our perspective, the intentional padding of an employee list for the purpose of undermining an organizing drive is an even more fundamental attack on its employees' associational rights,' the latest decision says. Amazon did not immediately respond to a request for comment. In a statement, Unifor National president Lana Payne says the decision is a 'message' to B.C. employers to not interfere in unionization 'or to suffer the consequences.'

Amazon's bid to overturn B.C. labour ruling on workers' unionization rejected
Amazon's bid to overturn B.C. labour ruling on workers' unionization rejected

Yahoo

time3 days ago

  • Business
  • Yahoo

Amazon's bid to overturn B.C. labour ruling on workers' unionization rejected

VANCOUVER — British Columbia's Labour Relations Board has rejected a bid by e-commerce giant Amazon to overturn an earlier decision that awarded union certification to workers at a facility in Delta, B.C. In a new decision dated Tuesday, a Labour Relations Board panel ruled that it agrees with the board's original decision in July that ordered remedial certification due to Amazon ramping up hiring "in order to thwart the union's certification application." The panel says evidence presented by union Unifor showed "a deliberate decision by the employer" to increase its employee roster to dilute union support during its membership drive. The decision also says the move for Amazon to intentionally pad its employee list and then using it to argue that union does not meet the threshold for certification "is manipulating the employee list in order to avoid certification." Amazon had applied for the Labour Relations Board to reconsider its original July decision, and the latest decision says the company argued that the last board panel had erred in applying labour laws to the case — as well as in it awarding remedial certification to the union. The company had argued that evidence showed "there was an operational need for additional staff" while what was described as a "pervasive anti-union campaign" was protected by employer free-speech rights. The panel, however, disagreed. "In our view, the original decision adopts the correct approach which is to consider the employer's conduct as a whole," the decision says. Citing precedent, the panel wites, "We note that the kinds of activities in which the employer engaged in the present case are the 'classical hallmarks of an interference in the formation or selection of a trade union.'" The panel says that Amazon's move to "knowingly and improperly" pad the employee list is "sufficiently egregious" to justify its original decision to order union certification. "From our perspective, the intentional padding of an employee list for the purpose of undermining an organizing drive is an even more fundamental attack on its employees' associational rights," the latest decision says. Amazon did not immediately respond to a request for comment. In a statement, Unifor National president Lana Payne says the decision is a "message" to B.C. employers to not interfere in unionization "or to suffer the consequences." This report by The Canadian Press was first published Aug. 6, 2025. The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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