The union representing workers at Canadian National Railway said on Friday they would strike next week, in a fresh threat to the economy after vowing to challenge a government decision to end an unprecedented rail stoppage.
CN workers threaten strike, vow to fight Canada move to end rail shutdown
Canada rail companies and union must work hard to reach deal, says Ottawa
Canada's two main railway companies and the Teamsters union must do the hard work necessary to reach labor deals and avoid a full stoppage, federal Labour Minister Steve MacKinnon said on Monday.
Industry and shippers brace for Canada rail stoppage, fear ‘catastrophe’
North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could inflict billions of dollars' worth of economic damage.
Bank of Canada cuts rates, sees weaker economy in 2024
The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5 per cent, and said more reductions in borrowing costs were likely if inflation continued to cool in line with forecasts.
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