Canadian West Coast ports negotiation reaches impasse as port owners say 'course change' required
Publishing timestamp: 2023-07-03 22:15:23
Summary
The strike by the union representing port workers in Western Canada is causing an estimated $12 billion in trade to be stranded off the ports of Vancouver and Prince Rupert. The BC Maritime Employers Association is calling for a "course change" in collective bargaining, while the union argues for fair wages. The strike could have ripple effects on the American economy, as the ports are popular destinations for U.S. trade. The strike is causing concerns about congestion and delayed pickups, and industry associations are urging the Canadian government to help resolve the situation.
Sentiment: MIXED
Tickers: BRK.B, CNR-CA, CP-CA, CNI,
Keywords: breaking news: economy, willie adams, canada, canadian pacific railway ltd, business news, labor economy, canadian national railway co, trade, economy, united states,
Source: https://www.cnbc.com/2023/07/04/canadian-west-coast-ports-negotiation-reaches-impasse.html