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Ottawa Public Servants Brace for Major Job Cut Announcements in the New Year

  Federal Workers Await January Notices as Ottawa Prepares Job Cuts Federal public servants across Canada are bracing for a wave of job‑cut announcements expected to begin in January, as departments prepare to roll out the government’s latest cost‑cutting measures. Several federal organizations have already warned employees that details about workforce reductions will be shared early in the new year. The cuts stem from a government‑wide plan to reduce spending, streamline operations, and bring the public service back to what officials describe as a more sustainable size. Departments are expected to use a mix of attrition, restructuring, and workforce adjustments to meet their targets. Early notices have already begun circulating in some organizations, with more formal announcements anticipated once employees return from the holiday break. Unions representing federal workers say they are preparing for a period of uncertainty as the scope of the reductions becomes clearer. With ...
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Global Stock Market Plunge: Nasdaq Futures Sink 4%, Dow Futures Tumble


The global stock market is experiencing a significant sell-off today, with major indices plummeting amid growing concerns over the health of the U.S. economy.

Nasdaq 100 futures have dropped nearly 5%, while Dow Jones Industrial Average futures have cascaded down by 800 points, equivalent to a 4% decline. The S&P 500 futures are also down by almost 3%. This sharp decline follows Friday’s disappointing U.S. jobs report, which has intensified fears that the Federal Reserve may have delayed cutting interest rates for too long.

The sell-off is not confined to the U.S. markets. In Asia, Japan’s Nikkei 225 suffered its largest one-day drop ever, plunging over 12%. European markets are also feeling the pressure, with the Stoxx Europe 600 down more than 3%.

Major tech stocks are among the hardest hitApple has fallen over 6% following news that Berkshire Hathaway has halved its stake in the companyNvidia and Tesla have also seen significant declines, dropping 10% and 8% respectively. The cryptocurrency market is not immune either, with Bitcoin sinking more than 15%.

Investors are flocking to safer assets, driving up the prices of U.S. Treasuries and gold. The benchmark 10-year Treasury yield has fallen below 3.8%, and gold futures have risen as traders seek refuge from the market turmoil.

As the week progresses, all eyes will be on the Federal Reserve and upcoming economic data, particularly the weekly unemployment claims due on Thursday. The market’s reaction to these developments will be crucial in determining whether this sell-off marks the beginning of a more prolonged downturn.


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