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VisitCanada Ends Rail Strike with Arbitration Order
Aug 24, 2024, 10:28 PM
The Canadian government has intervened to end the national railroad strike by ordering binding arbitration. Labor Minister Steven MacKinnon invoked section 107 of the Canada Labour Code to restart railway operations. The federal labor board has mandated thousands of rail employees to return to work after a contract dispute disrupted the country's two major railways.
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Markets
Yes • 50%
No • 50%
Official announcements from the Canadian government or labor unions
No • 50%
Yes • 50%
Official announcements from the Canadian government or labor unions
No • 50%
Yes • 50%
News reports and official statements from labor unions and the Canadian government
Wage increase • 25%
Other • 25%
Improved working conditions • 25%
No change in wages • 25%
Official announcements from the Canadian government or labor unions
Neither • 25%
Rail employees • 25%
Railway companies • 25%
Both equally • 25%
Official announcements from the Canadian government or labor unions
Canadian National Railway • 25%
Canadian Pacific Railway • 25%
Both equally • 25%
Neither • 25%
Stock market data from major financial news sources