Business groups say B.C. port stoppage will hurt companies, Canadian economy

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Business Nouvelles

Economy,Labour

Business groups say the work stoppage at B.C. ports is the latest in a run of supply chain disruptions affecting Canadian companies and the country’s economy.

Rosa Saba, The Canadian Press

The Canadian Chamber of Commerce said Monday that significant labour disruptions are becoming too common and tarnish Canada’s reputation as a reliable trading partner. He said the port handles about 45 per cent of the total volume of Canada’s ports, with the next largest being Montreal at about 10 per cent.

Johnson said the longer the port stoppage goes on, the harder businesses' bottom lines and the economy will be hit.The 2023 B.C. port strike cost manufacturers an average of $207,000 per day, Canadian Manufacturers and Exporters president and CEO Dennis Darby said in a statement Friday.

“Shutting down a port for a couple of weeks probably isn’t going to be something that people are going to notice, but ... a rail disruption would have much more significant economic impact and significant impact on consumers directly.” “We are once again on the brink of losing access to a critical trade corridor, and potash fertilizer will be one of the hardest-hit commodities,” said president and CEO Karen Proud in a statement.

 

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