Canadian railways CN and CP end four-day shutdown due to labour dispute, costing the economy $341M/day.

Canada's two major railways, CN Railway and CP Railway, ended their four-day shutdown after a federal labour board decision. The shutdown, caused by a labour dispute, cost the Canadian economy an estimated $341 million per day and disrupted agriculture, forestry, and manufacturing sectors. Moody's warned that the halt could cost the economy $341M daily. The ramp-up to full operation is expected to take several weeks. Some industry players have called for reforms to the Canada Labour Code to avoid future labour deadlocks in critical sectors.

5 months ago
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