The Supreme Court of Canada ruled in favor of Wal-Mart Stores Inc. (WMT) regarding the closure of a unionized store in Quebec. The highest court in Canada voted six to three for Wal-Mart Canada.
Wal-Mart shut down the store, throwing 190 employees out of work, seven months after the United Food and Commercial Workers had been certified to represent workers there. The company claimed the store was not profitable.
Ken Georgetti commented on SCC rulings in two cases related to Wal-Mart's shutting down its store in Jonquiere, Quebec in April 2005, saying, "We have always believed that Wal-Mart closed its store in Jonquiere because its employees had voted to join a union. But the Supreme Court of Canada has now ruled that under the Quebec labour code, the onus was on the workers to prove that the company closed the store for that reason. In other provinces and territories the onus would have been on the company to prove that was not the case."
WMT closed the Friday's regular trading session at $54.63.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.