Massive Railway strike in Canada

Harpy Eagle

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Feb 22, 2017
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Canadian National Railway (CN) (CNR.TO), opens new tab and Canadian Pacific Kansas City (CPKC) (CP.TO), opens new tab have shut down their rail networks in the country on Thursday and locked out nearly 10,000 workers after unsuccessful negotiations with a major labor union.
The decision, confirmed by the Teamsters union, sets the stage for an unprecedented rail stoppage that could badly damage the Canadian economy and have a significant effect on cross-border trade with the United States.
Canada is the world's second-largest country by area and relies heavily on rail transport. The stoppage is set to cripple shipments of grain, potash and coal while also slowing the transport of petroleum products, chemicals and autos.


This will for sure have ripple effects here in the US.

I hope they can get this resolved soon.
 

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