Port workers in British Columbia have voted to reject a mediated contract offer, extending job action that prevented billions in goods from moving for almost two weeks earlier this month.
In a letter posted on the union’s website, International Longshore and Warehouse Union Canada President Rob Ashton says workers are now calling on their employers to “come to the table” and negotiate directly, instead of doing so through the BC Maritime Employers Association.
In a statement, the BCMEA says it is disappointed the four-year tentative agreement was rejected, calling it a “good deal that recognized the skills and efforts of B.C.’s waterfront workforce while providing certainty and stability for the future of Canada’s West Coast ports.”
“ILWU Canada’s inability to ratify a fair and balanced recommended tentative agreement has left Canadians, businesses and the entire supply chain in a perilous state that has cost billions and will further hurt affordability and increase costs for Canadians,” the statement reads. “Stability and certainty must be restored to Canada’s largest gateway.”
“The BCMEA awaits further direction from the federal government on the next steps.”
The statement from the BCMEA revealed details about the rejected four-year package. It says it included a wage increase of 19.2 per cent, a signing bonus of $1.48 per hour worked to be paid to each employee (equivalent to approximately $3,000 per full-time worker), and an 18.5 per cent increase to a Modernization and Mechanization retirement lump sum payment.
The BCMEA said this would increase their retirement payout in 2026 to $96,250 for eligible retiring employees, over and above employees’ pension entitlements. It added the 19.2 per cent wage increase would have potentially increased the median union longshore compensation from $136,000 to $162,000 annually, not including benefits and pension.
The deal also reportedly included measures to improve training, recruitment and retention of ILWU trades workers. The employers said specifically, the BCMEA agreed to provide benefit coverage for all casual trades workers, a new tool allowance, and a commitment to increase apprentices by a minimum of 15 per cent.
The rejection raises the prospect of back-to-work legislation to end the uncertainty at more than 30 port terminals and other sites, including Canada’s largest port in Vancouver.
The four-year agreement between the union and maritime employers went to a vote of about 7,400 workers on Thursday and Friday, after union leaders presented the deal to local chapters on Tuesday.
The deal worked out with federal mediators had put a temporary halt to a 13-day strike that had commenced July 1, but its fate see-sawed wildly as the union leadership then rejected it and tried to go back to picket lines.
When that was deemed illegal by the Canada Industrial Relations Board, the union submitted a new 72-hour strike notice, only to withdraw it hours later.
On July 20, the union announced it was recommending the deal and would put it to a full membership vote.
Its failure will give impetus to calls for the federal government to bring in back-to-work legislation, that came earlier from industry groups and politicians, including Alberta Premier Danielle Smith.
The earlier job action was serious enough that Prime Minister Justin Trudeau convened the government’s incident response group to discuss the matter, an occurrence typically reserved for moments of national crisis.
TORONTO – Canada Goose Holdings Inc. says it has signed a deal that will result in the creation of its first eyewear collection.
The deal announced on Thursday by the Toronto-based luxury apparel company comes in the form of an exclusive, long-term global licensing agreement with Marchon Eyewear Inc.
The terms and value of the agreement were not disclosed, but Marchon produces eyewear for brands including Lacoste, Nike, Calvin Klein, Ferragamo, Longchamp and Zeiss.
Marchon plans to roll out both sunglasses and optical wear under the Canada Goose name next spring, starting in North America.
Canada Goose says the eyewear will be sold through optical retailers, department stores, Canada Goose shops and its website.
Canada Goose CEO Dani Reiss told The Canadian Press in August that he envisioned his company eventually expanding into eyewear and luggage.
This report by The Canadian Press was first published Sept. 19, 2024.
Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.
Here’s a timeline of key events in the bread price-fixing case.
Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.
Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.
Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.
Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).
Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.
June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.
Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”
Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.
July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.
Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.
This report by The Canadian Press was first published Sept. 19, 2024.
Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)
TORONTO – TD Bank Group, which is mired in a money laundering scandal in the U.S., says chief executive Bharat Masrani will retire next year.
Masrani, who will retire officially on April 10, 2025, says the bank’s, “anti-money laundering challenges,” took place on his watch and he takes full responsibility.
The bank named Raymond Chun, TD’s group head, Canadian personal banking, as his successor.
As part of a transition plan, Chun will become chief operating officer on Nov. 1 before taking over the top job when Masrani steps down at the bank’s annual meeting next year.
TD also announced that Riaz Ahmed, group head, wholesale banking and president and CEO of TD Securities, will retire at the end of January 2025.
TD has taken billions in charges related to ongoing U.S. investigations into the failure of its anti-money laundering program.
This report by The Canadian Press was first published Sept. 19, 2024.
