Air Canada to temporarily lay off 16,500 staff due to COVID-19 fallout

Air Canada to temporarily lay off 16,500 staff due to COVID-19 fallout

MONTREAL – Air Canada will temporarily lay off 16,500 employees starting this week as the airline struggles with fallout from the COVID-19 pandemic. Effective this Friday, the layoffs of 15,200 unionized workers and 1,300 managers will last through April and May amid drastically reduced flight capacity from the Montreal-based airline. “To furlough such a large […]

AOC Chief of Staff Funneled Over $1 Million in PAC Money To Private Firms — Report

AOC Chief of Staff Funneled Over $1 Million in PAC Money To Private Firms — Report

Two political actions committees founded by Rep. Alexandria Ocasio Cortez’s Chief of Staff funneled over $ 1 million into his own private companies, according to reports. The cash transfers came from the PACs Brand New Congress and Justice Democrats, which Saikat Chakrabarti founded, according to a complaint filed to the Federal Election Commission. “It appears […]

Bank of Canada publishes staff economic projections for the first time

Bank of Canada publishes staff economic projections for the first time

Today the Bank of Canada launched a digital database with more than 30 years of past staff economic projections of the Canadian economy. These projections serve as a key starting point for Governing Council’s quarterly Monetary Policy Report (MPR) forecasts and their policy interest rate decisions. “By making this data available, the Bank is taking […]