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Ottawa intervenes in Canada Post strike, Bank of Canada delivers a cut and the 100 most livable cities: Business and investing stories for Dec. 15

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Ottawa directed the Canadian Industrial Relations Board to order striking Canada Post workers back to their jobs, and to extend their existing collective agreement until May, 2025. Labour Minister Steve MacKinnon said a federal mediator appointed by the government during the strike informed him that negotiations were going in the wrong direction,
The article from The Globe and Mail discusses several key business and economic updates in Canada as of December 15. Canada Post workers have voted in favor of strike action, potentially disrupting mail services during the holiday season, although no strike date has been set. The Bank of Canada has decided to maintain its key interest rate at 5%, signaling a cautious approach to inflation which remains above the target. Additionally, the article touches on the global recognition of Canadian cities, with Calgary and Vancouver ranking among the top 10 most livable cities worldwide according to the Economist Intelligence Unit's Global Liveability Index. This ranking reflects improvements in stability, healthcare, culture and environment, education, and infrastructure. Lastly, the piece mentions ongoing economic pressures like high interest rates affecting consumer spending and business investments, with a particular focus on the housing market and retail sectors.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/business/article-canada-post-strike-bank-of-canada-most-livable-cities-december-15/ ]