Global Markets: Churchill rail line deal in the works

By Commodity News Service Canada
WINNIPEG, May 4, 2018 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
A group of Manitoba First Nations has announced it has
formed a partnership with a private company, iChurchill
Inc., that will result in the reopening of the rail line to
Churchill. According to the First Nations the deal involves
an acquisition agreement with Omnitrax to take over the
Hudson Bay Railway, the Port of Churchill and other assets.
It hopes to finalize the sale by mid-June so that the rail

line can be repaired before fall.
WestJet Airlines has announced it is severing ties
with airfare finder app Hopper due to confusion over the
developer’s announcement that the airline would offer
“secret fares” on its app. Hopper announced Wednesday, that
WestJet and Air Canada were among its first global partners
to unload some of their seats via “secret fares” at
discounts of up to 35 per cent. However both airlines have
disputed the claim. Hopper will still be able to sell
WestJet’s published fares, which are comparable to those
available on WestJet’s website.
U.S. Tim Hortons franchises are suing the chain’s
parent company, Restaurant Brands International, over a
contract clause forcing all disputes to be handled in a
Miami court. The Great White North Franchisee Association’s
U.S. branch is arguing that disputes should instead be
handled in the franchise owners’ home state. The company
said Thursday it cannot comment on the specifics of the
case, but added the allegations “are completely false.”

About the author

Glacier FarmMedia Feed

GFM Network News

Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.



Stories from our other publications