Inflation for the month increased to 5.1% on a year-over-year basis, up from 4.8% in December. (Excluding gasoline, the inflation rate for December declines to 4.3%.) High inflation remains an issue as global supply-chain constraints and labour shortages in addition to persistent demand continue to drive up prices. While the Bank of Canada maintained the overnight interest rate at 0.25% in January, Governor Macklem’s tone was consciously hawkish. The Bank of Canada ended its forward guidance policy (its public commitment to maintain low interest rates) and communicated that Canadians should expect a rising path for interest rates in 2022- citing capacity pressures and a tightening labour market.
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BURNABY, B.C. – The United Steelworkers union (USW) welcomes the BC NDP’s commitments to support forestry workers and communities through new investments to keep mills operating, protect jobs and strengthen B.C.’s forestry sector. The union says the plan is a positive step toward addressing the challenges facing the industry. The BC NDP’s proposed $120-million Forestry […]
Alberta’s future is on the ballot and Steelworkers have a choice to make. We need solutions, not scapegoats. Leadership, not chaos. Our focus should be on strengthening health care, making life more affordable, protecting good jobs and building a better future for working families. That’s why the United Steelworkers union is encouraging members across Alberta […]
Local elections and their advance voting are underway across B.C. and for Steelworkers, the people who get elected in our communities matters, deeply. In the resource communities where thousands of our members live and work, municipal governments make decisions that affect our jobs, families and communities. Strong local leaders can be our champions for forestry, mining […]