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Market
Will arbitration result in a wage increase for rail employees by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the Canadian government or labor unions
Story
Canada 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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Similar markets
Favorable to CN • 25%
Favorable to CPKC • 25%
Favorable to Teamsters • 25%
Compromise • 25%
Significant reduction in strikes • 25%
Moderate reduction in strikes • 25%
No change in strike frequency • 25%
Increase in strikes • 25%
CPKC wins arbitration • 25%
Teamsters Canada Rail Conference wins arbitration • 25%
Mutual agreement reached • 25%
Other outcome • 25%
Union wins concessions • 25%
Railroads win concessions • 25%
Mutual agreement reached • 25%
Dispute remains unresolved • 25%
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40-59% • 25%
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62% • 25%
Less than 62% • 25%
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77% or more • 25%
Mandate CN Rail to resume operations • 25%
Mandate CP Rail to resume operations • 25%
Mandate both CN and CP Rail to resume operations • 25%
No mandate issued • 25%
Significantly reduced • 25%
Moderately reduced • 25%
Unchanged • 25%
Increased • 25%
Significant improvement • 25%
Moderate improvement • 25%
No change • 25%
Worsening conditions • 25%
Yes • 50%
No • 50%
