分类： business

Canada Post workers have initiated a nationwide strike following the federal government’s approval of sweeping reforms aimed at restructuring the postal service. The Canadian Union of Postal Workers (CUPW) has labeled these reforms as an ‘attack on our postal service and workers,’ prompting the industrial action. This strike, involving 55,000 union members, escalates an ongoing dispute over pay and benefits that previously led to a weeks-long walkout in late 2023. Canada Post has warned that operations will cease during the strike, leaving millions of mail and parcels undelivered and exacerbating the corporation’s already precarious financial situation. The proposed reforms include the closure of several post offices, particularly in rural areas, and granting the service greater flexibility to adjust pricing. Additionally, Canada Post plans to reduce air parcel deliveries in favor of ground transportation to cut costs. A contentious proposal involves ending home deliveries, redirecting parcels to community mailboxes instead of individual residences. This change would affect approximately four million addresses nationwide. Procurement Minister Joël Lightbound emphasized that the reforms are essential to save Canada Post, which reported a C$1 billion loss last year and is projected to lose C$1.5 billion in 2024. However, the CUPW argues that these measures will undermine public service and fail to address customer needs. The Canadian Association of Independent Business has expressed concerns over the strike’s timing, warning of a ‘massive’ impact on small businesses, particularly during the critical holiday retail shipping season. While government social security cheques will continue to be delivered, negotiations on the pay dispute remain unresolved, leaving the future of Canada Post and its workers in uncertainty.

In a significant move to bolster domestic manufacturing, former President Donald Trump unveiled a series of new tariffs on Thursday, targeting a wide range of imported goods. The measures include a 100% levy on branded pharmaceuticals unless the manufacturer establishes a production facility within the United States. Additionally, heavy-duty trucks will face a 25% tariff, while kitchen and bathroom cabinets will be subject to a 50% duty. Upholstered furniture will also incur a 30% tariff starting next week. Trump announced these industry-focused tariffs via his Truth Social platform, emphasizing the need to shield American manufacturers from what he described as the ‘flooding’ of foreign products into the US market. He argued that these measures would protect companies like Peterbilt and Mack Trucks from ‘unfair outside competition’ and support local manufacturers impacted by high import levels. The new tariffs expand on Trump’s existing trade policies, which have targeted over 90 countries since August, aiming to boost US jobs and manufacturing. However, the US Chamber of Commerce has voiced concerns, warning that many truck parts are sourced from allies like Mexico, Canada, Germany, Finland, and Japan, and that domestic sourcing is impractical, potentially driving up costs for the industry.

Amazon has reached a landmark $2.5 billion settlement with the U.S. government to resolve allegations of deceptive practices related to its Prime membership program. The Federal Trade Commission (FTC) accused the tech giant of misleading millions of consumers into signing up for Prime and making it excessively difficult to cancel subscriptions. Under the proposed settlement, $1.5 billion will be allocated to refund affected customers, marking the largest civil penalty ever secured by the FTC. The agreement was finalized just days after the trial commenced in Seattle. Amazon neither admitted nor denied the allegations and has not publicly commented on the matter. Prime, which offers benefits like free shipping and streaming services, boasts hundreds of millions of global subscribers, with annual fees of $139 in the U.S. and £95 in the UK. The FTC highlighted Amazon’s use of manipulative tactics, such as pop-ups during checkout that encouraged Prime sign-ups without clear disclosure of terms or cancellation procedures. Additionally, the agency criticized the company’s one-month free trials, which automatically enrolled users into paid subscriptions without explicit consent. FTC Chairman Andrew Ferguson emphasized that Amazon’s practices violated consumer protection laws, stating, ‘We are putting billions of dollars back into Americans’ pockets and ensuring Amazon never repeats these actions.’ An estimated 35 million U.S. customers affected between June 2019 and June 2025 could receive refunds of up to $51. Amazon has agreed to automatically refund users who utilized Prime benefits fewer than three times annually, while those who used it fewer than 10 times must file a claim. As part of the settlement, Amazon is prohibited from using misleading buttons like ‘No, I don’t want free shipping’ and must simplify the cancellation process for Prime memberships.

The US economy demonstrated remarkable resilience in the second quarter of 2025, with revised government data revealing a stronger-than-expected growth rate. Gross Domestic Product (GDP) expanded at an annualized rate of 3.8% from April through June, surpassing the earlier estimate of 3.3%. This marked the fastest pace of growth in nearly two years, a significant rebound from the 0.6% contraction experienced in the first quarter. The surge was primarily driven by robust consumer spending, which increased by 2.5% year-on-year, up from a prior estimate of 1.6%, and a decline in imports. Despite the positive momentum, economists highlighted lingering uncertainties, particularly concerning the impact of former President Donald Trump’s tariffs and broader policy challenges. Retail sales also outperformed expectations, rising 0.6% in August, underscoring the resilience of American consumers. However, the labor market showed signs of strain, with only 22,000 jobs added in August and the unemployment rate edging up to 4.3%. On a brighter note, initial unemployment claims dropped to their lowest level since July, suggesting potential stabilization in the job market. Analysts remain cautiously optimistic, noting that while economic momentum has held steady, the long-term effects of tariffs and policy uncertainty could lead to slower growth and higher inflation.