Air Canada (AC.TO) announced that it has reached a tentative collective agreement with the International Association of Machinists and Aerospace Workers (IAMAW). The agreement covers more than 11,000 employees working across Maintenance, Cabin Services, Airport Airside Operations, Cargo, Finance, and Clerical divisions.
The terms of the new agreement remain confidential until ratification by IAMAW members, which is expected to take place over the coming weeks. Final approval will also be required from Air Canada's Board of Directors.
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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.