Companies take stock of rail shutdown’s hit to economy — and bottom lines

The economic fallout of the country’s rail shutdown is set to come into focus this week as shippers and producers take stock of cargo delays and financial losses.

The credit rating agency said agriculture, forestry and manufacturing were among the hardest-hit sectors. The board’s decision dropped two days after Labour Minister Steven MacKinnon directed the arm’s-length tribunal to begin the arbitration process, saying the parties were at an impasse in contract talks and Canadian businesses and trade relationships were at stake.

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Companies take stock of rail shutdown’s hit to economy — and bottom linesThe full financial impact of the shutdown remains unclear, even as Moody’s warned it could cost the Canadian economy $341 million per day
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Companies take stock of rail shutdown's hit to economy — and bottom linesMONTREAL — The economic fallout of the country's rail shutdown is set to come into focus this week as shippers and producers take stock of cargo delays and financial losses.
La source: BurnabyNOW_News - 🏆 14. / 77 Lire la suite »