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VisitCanada Orders Binding Arbitration to Resolve Canadian National, CPKC Rail Dispute
Aug 22, 2024, 09:00 PM
The Canadian government, led by the labour minister, has mandated binding arbitration to resolve a labor dispute that has halted operations of the country's two major freight railroads, Canadian National and CPKC. This decision aims to end the lockouts that have disrupted the railways and forced trains to a standstill across Canada. The federal intervention is intended to resume railway operations promptly, as confirmed by a government official.
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Markets
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Operational status updates from Canadian National and CPKC
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Official announcements from the Canadian government or labor unions
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Official announcement from the Canadian government or the involved rail companies
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Economic reports from the Canadian government or major financial institutions
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Full resolution in favor of CPKC • 25%
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Arbitration results published by the Canadian government or involved rail companies
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Operational status updates from Canadian National and CPKC