CP Rail work stoppage enters Day 2 in Sudbury as supply chain fears grow
It could be some time before train 119 moves again. Parked outside the former City of Sudbury, the train, like other locomotives, ground to a halt with the work stoppage at CP Rail.
Canada calls for quick end to CP Rail strike amid fears of worsening commodities shortages
Canada on Monday called for a quick negotiated end to a work stoppage at the country’s second-largest railroad, Canadian Pacific Railway Ltd (CP.TO), that is set to aggravate a shortage of commodities sparked by Russia’s invasion of Ukraine.
Canada CP Rail strike to add to commodities supply shock sparked by Ukraine war
A labor dispute that shut down operations at Canadian Pacific Railway on Sunday is set to aggravate a shortage of commodities sparked by Russia’s invasion of Ukraine, and a prolonged lockdown could hurt farmers ahead of the spring planting season.
CP rail shutdown ‘could not come at a worse time for miners’: MAC
The shutdown of the Canadian Pacific Railway’s (TSX: CP; NYSE: CP) operations due to a wage and pension-related dispute with its union will negatively impact the country’s mining industry, one of the largest railway customers, miners and analysts say.
CP Rail Strike Brings Greater Uncertainty to Canada’s Mining Sector Amid Ongoing Shipping and Supply Chain Challenges
OTTAWA – Today, the Mining Association of Canada (MAC) expresses serious concern regarding the damaging effects the dispute and resulting strike between Canadian Pacific Railway (CP) and the Teamsters Canada Rail Conference is having on the mining sector and the broader Canadian economy. “As the single largest industrial customer group of Canada’s railways, the mining industry […]
45 industry groups say CP Rail strike would cause “irrevocable damage” to economy
With a labour strike now imminent, a swathe of industries are calling on the federal government to bring a swift resolution to a dispute between Teamsters Canada Rail Conference (TCRC) and CP Rail.
What the innovation economy wants from the 2022 federal budget
Finance Minister Chrystia Freeland has promised this year’s budget will lay out the Liberal government’s “master plan for the Canadian economy going forward.” Having spent huge sums to combat COVID-19 and its impacts on firms and workers, Ottawa is weighing billions of dollars worth of demands for immediate relief from sectors still struck by the […]
Mining Association forecasts billions in future capital spending
The Mining Association of Canada (MAC) has released its annual Facts & Figures report, an overview of trends in the industry including current and future capital spending projections that are expected to rise significantly.
UK FCA, Bank of England working with LME to resume nickel trading
Britain’s Financial Conduct Authority (FCA) and the Bank of England are talking to the London Metal Exchange about the resumption of a fair and orderly market in nickel, the FCA said on Monday.
Gratton says Canada should do more to seize mining opportunities
Canada has long been the dominant global mining nation – in mineral production, mining finance, mining services and supplies, and sustainability and safety, but Mining Association of Canada (MAC) president and CEO Pierre Gratton has warned that there are signs this position is slipping.
