We all got a brief remedial lesson in how foundational the railway system is to day-to-day life in Canada. We may think of our economy as evolved and digital, but we’re really still hopelessly captive to a network of parallel steel bars.
Why on Earth have we been obsessing over artificial intelligence? It’s all about trains, people! More on that below.its first quarterly loss in 21 years on Thursday after it set aside a US$2.6-billion provision to pay anticipated regulatory fines over anti-money laundering failures.CN workers picket in Toronto, as the rest of the country grappled with an unprecedented total shutdown of Canada's two national railways.
If we think of the industrial economy as a human body, the railways function as the circulatory system. Right, so the supply chain is sort of existentially important. As John Corey, president of the Freight Management Association of Canada, told The Globe, while the stoppage continues, nothing will come in or go out of the country through the ports. That’s a bit of a headwind to the whole international trade file. A prolonged stoppage could even reignite inflation is some categories.in a very tight spot.
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