Financial Digest

U.S. rail strike could deal economic blow to Canada - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Canada’s economy could be impacted by a possible railway strike south of the border that could halt the transportation of key imports and exports, experts warn.

“We can only assume that a $2-billion daily impact on the American economy will spill over to Canada,” Gullo said. He is also a former senior director at the Railway Association of Canada. He added that the implications could be broad-based for key exports, including agriculture, fertilizer, energy and manufactured goods. Should negotiations between unions and employers fail, the U.S.

“As such, in the event of a service interruption at other railroads in the U.S, CP will continue to fully operate in Canada as well as in the U.S., subject only to any applicable embargo imposed by any of the U.S. railroads,” the customer notice states. “Other railroads have started to issue embargoes, some of which include permits, that may impact CP’s ability to move equipment from some locations on our North American network,” the notice said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rail strike threat is set to halt shipments of U.S. crops, autos - BNN BloombergUS railroads are poised to stop shipments of farm products and other key goods starting Thursday as the industry braces for a possible labor strike that could cost the world’s biggest economy more than US$2 billion a day.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

U.S. stock rout eases as traders assess policy outlook - BNN BloombergA semblance of calm returned to markets on Wednesday after the carnage sparked by hotter-than-expected American inflation that prompted investors to reassess the outlook for interest rates and economic growth.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

The Daily Chase: U.S. inflation rattles markets; Telecom execs in the spotlight - BNN Bloomberg​Global financial markets are on U.S. inflation watch today. The August consumer price index is expected to have slowed to an 8.1 per cent annual rate from 8.5 per cent in July.
Source: BNNBloomberg - 🏆 83. / 50 Read more »