CUPE 2450 and Village of Nakusp ratify new collective agreement

CUPE 2450 and the Village of Nakusp have ratified a new five-year agreement after more than 28 months of negotiations.

Sixteen of 23 eligible voters attended the ratification meeting Monday, and 75 per cent of members voted in favour of the tentative agreement.

“This has been a long and challenging round of negotiations,” says CUPE 2450 President Andy Cruden. “However, we are pleased to finally have a new agreement in place and we are now prepared to focus our attention on rebuilding our working relationship with the Village.”

Wages rising in Ontario and BC, declining in Atlantic and Prairies

After averaging less than 1.5 per cent in each of the last two years, the national average for wage settlements is finally moving up.

Base wage adjustments settled in the first nine months of this year include yearly average increases of 1.7 per cent over the life of collective agreements, up from 1.3 per cent in 2016 and just 1.2 per cent in 2015.

What’s up, or down, with inflation

It’s been a bit of a mystery. Inflation has been so persistently low, not just in Canada but also in other countries, that central bankers are not only trying to push it up, but also struggling to explain why it isn’t higher.

Consumer price inflation has averaged just 1.5 per cent annually since 2008, even though central banks want inflation to be higher. An average of 1.5 per cent is well below the Bank of Canada’s two per cent target rate of inflation.