Canada's Labor Minister ends coast-to-coast port labor turmoil, forcing unions back to work
Publishing timestamp: 2024-11-12 15:51:48
Summary
Canadian Labor Minister Steven MacKinnon has used federal powers to end work stoppages at ports of Vancouver, Prince Rupert, and Montreal due to strikes and lockouts. The disruptions have caused congestion of cargo containers, affecting trade to the United States. Negotiations will now be resolved through binding arbitration.
Sentiment: NEUTRAL
Tickers: CP, CP-CA, CNR-CA, CNI,
Keywords: trade, breaking news: politics, canada, business news, strikes, canadian national railway co, labor unions, politics, canadian pacific railway ltd, canadian pacific kansas city ltd, shipping, transportation and shipping, montreal,
Source: https://www.cnbc.com/2024/11/12/canadian-labor-minister-ends-port-strikes-forcing-unions-work.html