Negotiations break down between Unifor and CN Tower ahead of Canada Day
TORONTO, June 27, 2025 /CNW/ - Contract talks between Unifor and the CN Tower, operated by the Canada Lands Company, have reached a standstill, raising the risk of a lockout or strike just ahead of the busy Canada Day holiday.
'We've hit an impasse and time is running out,' said Shan Ramanathan, President of Unifor Local 4271. 'Our members want a fair deal. We're ready to bargain, but the company needs to return to the table with a serious commitment to reaching an agreement.'
Unifor Local 4271 represents approximately 250 full-time and part-time workers at the CN Tower, including hosts, wait staff, bartenders, the kitchen brigade including chefs, cooks, butchers, and others.
Key issues in the dispute include the lack of pension improvements for more than 15 years, the need for fair wage increases, scheduling concerns, enhanced benefits, and improved health and safety protections.
The deadline to avoid job action is 12:01 a.m. on Monday, June 30, 2025. If no deal is reached, workers could be locked out or go on strike, disrupting operations at one of Canada's most iconic landmarks during the height of tourist season.
Unifor is Canada's largest union in the private sector, representing 320,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.
SOURCE Unifor
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Analyst Says He's Buying Cisco (CSCO) Amid Attractive Valuation – ‘Definitely Benefitting from AI'
Jim Lebenthal from CNBC Investment Committee said in a recent program on CNBC that he's buying Cisco Systems Inc (NASDAQ:CSCO) shares. "Cisco Systems Inc (NASDAQ:CSCO), if you look at the earnings revisions, is definitely going higher and it's with good reason. If you've listened to their last several earnings calls, they are definitely benefiting from AI, definitely benefiting from the data center buildout, and it's just not reflected in the multiple," he said. Engineers using the latest Cisco TelePresence technology to collaborate with colleagues around the world. GreensKeeper Asset Management stated the following regarding Cisco Systems, Inc. (NASDAQ:CSCO) in its Q3 2024 investor letter: 'In the third quarter, we decided to exit our investment in Cisco Systems, Inc. (NASDAQ:CSCO), as we believed the stock had become fully valued and reallocated the capital to one of our international positions. We also initiated a new position in a Canadian company shortly after the quarter ended. As we may still accumulate shares, we will defer discussing this new holding for the time being. Our top ten positions are detailed in the table below. Further portfolio disclosures, including performance statistics, are available on the pages immediately following this letter.' While we acknowledge the potential of CSCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
29 minutes ago
- Yahoo
This week in stocks: Why BMO Capital Markets thinks Costco shares still have room to run
Every weekend, the Financial Post breaks down the most interesting developments in this week's world of investing, from top performers to surprising analyst calls and stocks you should have on your radar. Here's this week's edition. Do investors at BlackBerry Ltd. (BB) finally have something to cheer about? That's something analysts were musing about after shares of the smartphone pioneer turned cybersecurity play popped by nearly 12 per cent on Wednesday, following an earnings report that showed a first-quarter profit had turned positive. The Waterloo, Ont.-based company also 'slightly' hiked its revenue forecast for the year. Though the stock pared some of its gains, BlackBerry shares still closed out the week up 4.7 per cent per cent at $6.21 in Toronto. BlackBerry had been among the Top-10 gainers on the S&P/TSX composite index as late as Thursday. The upbeat earnings lead Bloomberg Intelligence analysts to hazard that the tech firm 'may be finding its footing' and were followed by a handful of price target increases. The biggest hike on the Toronto-listed shares came from CIBC Capital Markets, which raised its target to $8.24, a 30 per cent premium to Friday's close. The S&P500 hit a new all-time high on Friday despite renewed trade tensions between the U.S. and Canada and analysts are optimistic that there are more gains to come on both sides of the border before the year is out. This week, Brian Belski, chief investment strategist at BMO Capital Markets, reconfirmed his base case for the TSX to hit 28,500 this year, hinging the forecast on several factors including 'relatively resilient' Canadian growth, falling interest rates and improving stock valuations. 'Our view in terms of Canadian equities remains resolute. Namely, Canada continues to provide strong relative value, a converging growth profile with the U.S. and improving equity flows,' Belski said in a note. The TSX is up 7.9 per cent year to date and almost 18.9 per cent since Donald Trump's reciprocal tariffs announcement in early April. Belski's base case implies an additional seven per cent return by year end, and though he thinks U.S. markets will be stronger through the end of the year, he still has the TSX as the net winner for 2025. Costco Wholesale Corp. (COST) has been one of the market's top performers over the past decade, but don't let its big run scare you away. BMO Capital Markets food retail analyst Kelly Bania said the stock has more room to grow and confirmed Costco as a top pick in a note out this week. Her refreshed rating is based on three major announcements made recently by the company: a $10 monthly credit on same-day Instacart orders for executive members; extended shopping hours, also for executive members; and a standalone gas station test taking place in California. 'These new benefits and perks highlight Costco's extreme membership value proposition, particularly the key executive membership base, which accounts for 47 per cent of members but 73 per cent of sales,' Bania said. Bania has set a price target of US$1,175, a level the stock topped on Feb. 13 before slumping in March. Year to date, Costco is up 7.5 per cent and closed Friday at US$985.14. Nike Inc. (NKE) The sports-giant is back in the running after its latest earnings appeared to show Nike's year-long sales slump is coming to an end. Deutsche Bank AG analyst Krisztina Katai lifted her target to US$77 Friday from US$71. Nike jumped 15 per cent on Friday and was trading at US$72.04. Nvidia Corp. (NVDA) The darling of the Magnificent Seven stocks could elevate itself into further rarified territory as it looks to become the first company to reach a US$4 trillion market capitalization. Nvidia's prospects were boosted on reports that its largest customers including Meta Platforms Inc., Microsoft Corp., Inc. and Alphabet Inc. are set to increase spending on artificial intelligence. Shares of the company were up nearly 10 per cent from last Friday and are up 67 per cent after slumping badly in early April when it looked like its chip business would be throttled by trade troubles between the U.S. and China. The consensus price target from analysts who cover the company rose to US$173.47 from US$171.38. Nvidia closed Friday at US$157.75. The week in stocks: Empire, Algoma Steel, and why the case for the trade in war 'keeps getting stronger' The week in stocks: Dollarama still cashing in and silver gets buffed up • Email: gmvsuhanic@ Are you an investor looking for stock ideas and market insight? Sign up for the weekly FP Investor Newsletter here to get the best of the Financial Post's investing news, analysis and expert commentary straight to your inbox. 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
Yahoo
29 minutes ago
- Yahoo
Unemployment, inflation and travel amid ongoing tariff uncertainty: FP video
This week FP Video takes a close look at where Canada's unemployment rate, inflation numbers and summer travel are headed amid ongoing tariff uncertainty. Dawn Desjardins, chief economist at Deloitte Canada, talks about how Canada's economy is set to soften and see the jobless rate climb. Charles St-Arnaud, chief economist at Alberta Central, talks about May inflation numbers. Chris Lynes, managing director at Flight Centre Travel Group Canada, talks with Financial Post's Larysa Harapyn about the state of leisure travel in Canada amidst uncertainty around tariffs. Where the Canadian dollar and oil prices are headed: FP video Hurdles, slumps and slowdowns: FP Video looks at the Canadian economy 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
