Vacation

Thursday July 30, 2015

Editorial cartoon by Graeme MacKay, The Hamilton Spectator -

Editorial cartoon by Graeme MacKay, The Hamilton Spectator – Thursday July 30, 2015

Liz Sandals says talks with Ontario teachers will resume

Education Minister Liz Sandals says talks with Ontario’s teachers’ unions will resume following a meeting last week between Premier Kathleen Wynne, union leaders and public school board representatives.

Editorial cartoon by Graeme MacKay, The Hamilton Spectator - Wednesday May 6, 2015 Ontario elementary teachers plan job action Monday OntarioÕs 73,000 public elementary teachers will begin job action on Monday, when they are in a legal strike position. While a strike is not anticipated Ñ local union districts have been given details about a work-to-rule Ñ it remains one of the options available, says Sam Hammond, president of the Elementary TeachersÕ Federation of Ontario. In a statement released Tuesday morning, ETFO said its members would be taking unspecified Òcentral strike actionÓ in 32 school boards across the province Monday. According to an ETFO bulletin obtained by the Star, titled ÒStrike Protocol: Work-to-Rule Ñ Phase 1,Ó and sent out to its Toronto members late Monday night, teachers will not take part in any EQAO (standardized testing), write report cards, fill in for absent principals or Òconduct any reading, writing or mathematics assessments other than those that the teacher deems necessary to report on student progress.Ó Hammond has told the Star that the recent offer on the table from the government and the school boardsÕ association was ÒoffensiveÓ and contained concessions the union would not consider. He said if the concessions remained, the union would be Òlooking at all the options.Ó ÒWe are hoping on, or prior to, May 10 that we get substantial movement at the table and we wonÕt have to move in a direction nobody wants to move in,Ó he has previously said. While talks have continued with the help of a mediator, they recently broke off. A union spokesperson said Monday that ÒETFO is eagerly awaiting a call from the government that it, and the Ontario Public School BoardsÕ Association, are ready to engage in meaningful and substantive bargaining.Ó ETFO is the countryÕs largest teacher union. A strike or job action would affect more than 817,000 elementary school students across the province. (Source: Toronto Star) http://www.thestar.co

Wednesday May 6, 2015

Sandals calls it a very positive meeting and says the unions “are committed” to getting back to the table in August and reaching new contracts before classes begin Sept. 8.

Representatives from four public teacher unions flew to Toronto from Ottawa for a morning to meeting with Wynne and Sandals. All sides described the meeting as generally positive but it wrapped up in less than an hour with no firm dates set for new bargaining sessions.

“It was a cordial discussion,” said Elementary Teachers Federation of Ontario President Sam Hammond. He added that “we need to have confirmed dates,” for new talks and said “we have some issues that we need to have taken off the table.”

Editorial cartoon by Graeme MacKay, The Hamilton Spectator - Tuesday May 26, 2015 Wynne Government imposes back-to-work legislation on striking teachers The Ontario government will be tabling back-to-work legislation today for striking secondary school teachers, but since New Democrats won't be supporting it, students will be kept from class a few more days. NDP Leader Andrea Horwath says her party won't support the Liberals' motion for unanimous consent to get it passed today, but the government could use its majority to pass it by Thursday. That would mean more than 70,000 students in the Sudbury-area Rainbow District, Peel Region and Durham Region, who have been kept from class for up to five weeks, would return to school on Friday at the earliest. The back-to-work legislation is being introduced after the Education Relations Commission ruled that strikes by high school teachers in three boards are putting students' school years in jeopardy. Education Minister Liz Sandals says she respects the collective bargaining process, but it's important to get kids back to class to complete their school years. While the striking secondary teachers in three boards are set to be legislated back to work, their central union said this weekend that talks with the provincial government have reached an impasse. The Ontario Secondary School Teachers' Federation plans to apply to the provincial labour ministry for conciliation Ñ the teachers must first use the government third-party assistance to try to reach a contract before they can take provincewide strike action. The Ontario Labour Relations Board had also been set to rule on whether the three local strikes were illegal. This is the first round of negotiations under a new bargaining system the Liberal government introduced last year, separating the process into local and central talks. The school boards argued that the three local strikes were really on central issues such as class sizes. (Source: Hamilton Spectator)

Tuesday May 26, 2015

Paul Elliott, president of the Ontario Secondary School Teachers’ Federation, said he “didn’t hear anything that’s changed anyone’s opinion or position,” during Friday’s meeting but agrees it was a positive step to hear from the premier.

Sandals also spoke of a positive tone following the 40-minute meeting.

“This wasn’t about negotiating, it was about how we move forward,” she told reporters. “We need to be getting back to the bargaining table during August.”

No talks are currently scheduled for the three largest teachers unions and English-language school boards.

The government has said there is no new money for teacher compensation. That, along with teachers’ demands for limits on class sizes, are among the major sticking point in negotiations. (Source: CBC News)

2015-08-03_Star

Friday January 30, 2015

Friday January 30, 2015Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday January 30, 2015

Loonie drops below 80 cents US

The Canadian dollar has slipped below 80 cents US for the first time in almost six years.

The loonie closed at 79.87 cents US on Wednesday, down about three-quarters of a cent from Tuesday’s close.

From 2009

The Canadian dollar’s tumble accelerated just after the U.S. Federal Reserve reiterated it will be patient in raising rates from record lows and noted that the U.S. economy continues to improve.

That statement immediately sent the value of the U.S. dollar up against many major of the world’s currencies, including the Canadian dollar.

“The strong divergence of the Fed having a tightening bias, regardless of how much they end up tightening, is likely to keep the [U.S.] dollar supported versus most currencies,” Robert Tipp, a chief investment strategist at Prudential told Bloomberg.

From 2007

At official exchange rates, the dropping value of the loonie means it now costs more than $1.25 to buy a U.S. dollar.

The Canadian dollar hasn’t traded below 80 cents US since April 2009.

June 17, 1998

From 1998

“The Fed is leaning towards rate hike mode, while the [Bank of Canada] is in a rate cut mode.  It is a tale of two worlds,” wrote Rahim Madhavji of Knightsbridge Foreign Exchange in an emailed commentary.

“The trend is the friend for the U.S. dollar. The next few months could get ugly for the loonie.”

Economists have forecast that the Canadian dollar could drop to 75 cents US or even lower, depending on a number of factors, including the length of the current oil price slump.  Lower oil prices are considered a negative for the loonie’s value.

Crude oil prices dropped $1.78 to close at $44.45 US a barrel on Wednesday. That was the lowest close for crude futures since March of 2009. The U.S. Energy Department reported earlier in the day that oil inventories had risen to their highest levels ever recorded. (Source: CBC News)