Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– Canada Post made a contract offer to the Canadian Union of Postal Workers in hopes of avoiding a work stoppage next month. The proposal included annual wage increases of 11.5 per cent over four years, maintains the defined benefit pension for current employees, as well as their job security and health benefits. The union said workers could walk off the job as soon as Nov. 3 if a new deal isn’t reached.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
– Flash floods killed at least 63 people in southern and eastern Spain on Tuesday. Rainstorms caused flooding in an area from Malaga to Valencia. In the eastern Spanish town of Chiva, 491 millimetres of rain fell in eight hours.
– The United States Commerce Department said on Wednesday the country’s economy grew at an annual rate of 2.8 per cent in the third quarter, just below the three per cent growth in Q2. Consumer spending increased from an annual rate of 2.8 per cent in April to June to 3.7 per cent in July to September. Exports also grew 8.9 per cent in Q3. The Federal Reserve’s personal consumption expenditures index, its preferred gauge on inflation, rose 1.5 per cent in Q3 compared to 2.5 per cent in Q2.
– U.S. Vice-President and Democratic presidential candidate Kamala Harris delivered an address in front of tens of thousands of people at the National Mall in Washington, D.C. on Tuesday, her last major address before the Nov. 5 election. Harris listed issues such as housing, tax credits for families and reproductive rights on the same spot former president and Republican presidential candidate Donald Trump spoke to his supporters before the attacks on the U.S. Capitol on Jan. 6, 2021. Harris warned voters their ballots could be the most important in their lifetime, adding they “are not the vessel of wannabe dictators.”
