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Business Brief: Getting the trains moving again
CN workers picket in Toronto, as the rest of the country briefly grappled with an unprecedented total shutdown of Canada's two national railways.
canada
Disruptions to major commuter lines in GTA, Montreal and Vancouver continue as CN, CPKC await word on arbitration
People wait inside at the Union Station bus terminal as a national rail shutdown causes delays, after employees were locked out by both major Canadian railways after a deadlock in contract negotiations, in Toronto, Thursday, Aug. 22, 2024. Thousands of Canadian commuters may have to change their travel plans for a second day after a countrywide rail lockout shut down lines in major metropolitan areas. THE CANADIAN PRESS/Paige Taylor White
opinion
The railway worker lockout was incredibly damaging, with more disruptions on the horizon
John Ibbitson
canada
Ottawa’s move to end the rail lockout carries legal risks
Labour Minister Steven MacKinnon speaks at a press conference about the rail labour disputes between the Teamsters Canada Rail Conference, Canadian Pacific Kansas City and Canadian National Railway, in Ottawa on Thursday, Aug. 22, 2024. THE CANADIAN PRESS/ Patrick Doyle
report on business
Miners Rio Tinto, Teck take steps to minimize impact of Canadian railway labour dispute
Teck Resources Ltd. reported its second-quarter profit fell compared with a year ago due in part to its reduced ownership in steelmaking coal business Elk Valley Resources, along with lower steelmaking coal pricesThe Teck Resources logo is seen on a podium before the company's special meeting of shareholders, in Vancouver, B.C., on April 26, 2023. THE CANADIAN PRESS/Darryl Dyck
canada
Labour minister to hold news conference on rail lockout as economic costs loom large
Prime Minister Justin Trudeau delivers a statement on the potential rail strike following an event in Gatineau, Que., on Wednesday, Aug. 21, 2024. THE CANADIAN PRESS/Sean Kilpatrick
newsletter
Business Brief: TD’s $4-billion debacle
A TD Bank branch at 38-19 Main St. in the heart of the Flushing neighborhood in the borough of Queens, NY on August 5, 2024. TD Bank has been caught up in a geopolitical nightmare of laundered money from Chinese criminal rings.
market news
The close: TSX falls as rail stoppage threatens economy
Traders work on the floor of the New York Stock Exchange during morning trading on August 20.
explainer
What to know about the potential work stoppage at Canada’s two biggest railways
FILE PHOTO: Railway cars crowd the CN Rail freight depot in Hamilton, Ontario, Canada August 19, 2024. REUTERS/Carlos Osorio/File Photo
report on business
Canada’s biggest railways, union in final talks to reach labour agreement before midnight deadline
FILE PHOTO: A Canadian Pacific Railway (CP Rail) locomotive backs into position at the company's Toronto Yard in Scarborough, Ontario, Canada March 20, 2022. REUTERS/Chris Helgren/File Photo
report on business
Ontario commuters to face disruptions if unprecedented rail work stoppage goes ahead
A GO Transit train sits parked at the Niagara Falls Train Station, on Aug. 26, 2022. Some commuters in southern Ontario are speaking out about changes that Metrolinx is making to GO Transit bus routes they say will drastically alter commute times and impact travel. THE CANADIAN PRESS/Tara Walton
report on business
Business groups warn of dire consequences unless Ottawa steps in as rail shutdown looms
Locomotives sit idle at the Canadian Pacific Kansas City (CPKC) rail yard in Port Coquitlam, B.C., Monday, Aug. 19, 2024. A phased shutdown of the networks at Canadian National Railway Co. and Canadian Pacific Railway Ltd. is already underway as the clock ticks down on negotiations with the union representing 9,300 engineers, conductors and yard workers. Both companies have issued lockout notices while the union has also threatened to strike. THE CANADIAN PRESS/Darryl Dyck
market news
The close: TSX notches record high amid ‘good vibes’ on rate cuts
Traders work on the floor of the New York Stock Exchange during morning trading on August 20.
report on business
Possible Canadian rail strike could see major halts for agriculture, large retailers
Rail and tanker cars and shipping containers sit idle at the Canadian Pacific Kansas City (CPKC) rail yard in Port Coquitlam, B.C., Monday, Aug. 19, 2024. A phased shutdown of the networks at Canadian National Railway Co. and Canadian Pacific Railway Ltd. is already underway as the clock ticks down on negotiations with the union representing 9,300 engineers, conductors and yard workers. Both companies have issued lockout notices while the union has also threatened to strike. THE CANADIAN PRESS/Darryl Dyck
report on business
Looming Canadian rail stoppage poised to disrupt North America’s agricultural supply chain
FILE PHOTO: Rail cars being loaded at Nutrien's Cory potash mine near Saskatoon, Saskatchewan, Canada August 12, 2019. REUTERS/Nayan Sthankiya/File Photo
inside the market
Market movers: Stocks that saw action on Tuesday - and why
This file photo taken on October 4, 2022 shows customers walking out of a 7-Eleven convenience store in Tokyo.
report on business
CN Rail, Canadian Pacific Kansas City wind down operations as possible shutdown nears
A drone view shows a train arriving at the CN Rail freight depot in Hamilton, Ontario, Canada August 19, 2024. REUTERS/Carlos Osorio
report on business
Potential work stoppage at CN Rail, CPKC would be ‘devastating’ for small businesses, CFIB says
A train arrives at the CN Rail freight depot in Hamilton, Ontario, Canada August 19, 2024. REUTERS/Carlos Osorio
report on business
Ottawa tells rail companies, union to work harder to avert crippling stoppage
FILE PHOTO: Trains are seen in the yard at the at the CN Rail Brampton Intermodal Terminal in Brampton, Ontario, Canada November 19, 2019. REUTERS/Mark Blinch/File Photo
report on business
Canadian rail freight stoppage looms as workers union serves CPKC strike notice, CN Rail issues lockout notice
FILE PHOTO: Trains are seen in the yard at the at the CN Rail Brampton Intermodal Terminal after Teamsters Canada union workers and Canadian National Railway Co. and failed to resolve contract issues, in Brampton, Ontario, Canada November 19, 2019. REUTERS/Mark Blinch/File Photo
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