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Will the economic impact be alleviated by the resumption of rail services by October 31, 2024?
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Canada•Canadian National Railway•CN•Canadian Pacific Kansas City•CPKC•Canada Industrial Relations Board•Teamsters Canada Rail Conference•GO Transit
Resolution / Starting Odds
Yes • 50%
No • 50%
Economic reports, industry analysis
Story
Canada's Major Railroads to Resume Operations After Saturday Labor Board Decision
Aug 25, 2024, 06:30 PM
Canada's two major railroads, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), are set to resume operations following a Saturday decision by the Canada Industrial Relations Board. The board ordered thousands of rail employees back to work, imposing binding arbitration to resolve the ongoing labor dispute with the Teamsters Canada Rail Conference. The work stoppage, which involved over 9,000 rail workers, had disrupted supply chains and affected industries across the country. Despite the board's decision, the union plans to file a lawsuit, challenging the arbitration order. The resumption of rail services is expected to alleviate the economic impact, including delays in grain shipments and commuter disruptions. Services are scheduled to restart on Monday, with GO Transit operations also resuming.
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