News Formal

Rail strike would be costly blow to B.C. forestry, industry warns

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 43 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 63%
  • Publisher: 50%

Materials ニュース

Construction Materials,Business,Canada

British Columbia’s forestry industry is bracing for disruptions from a potential rail strike that would quickly undercut a sector that adds more than C$6 billion ($4.4 billion) to western Canada’s economy.

Dennis Darby, president and CEO of Canadian Manufacturers & Exporters, joins BNN Bloomberg to discuss the potential economic impact of a possible rail stoppage.

The province’s forest sector relies on rail to transport lumber and other forestry products across North America and to ports for overseas shipments. A rail stoppage by Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. — expected just after midnight New York time if the companies can’t reach a deal with unionized workers — would bring costly disruptions to the industry within days, according to the BC Council of Forest Industries.

BC’s forest sector generated 56,120 jobs and generated $6.4 billion in gross domestic product in 2022, according to the provincial government. The sector accounted for 26% of provincial manufacturing sales and almost a quarter of the province’s total commodity export value, it said. BC is home to major forestry companies including West Fraser Timber Co., Canfor Corp and Interfor Corp.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 83. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Brutal Selloff Skims Froth From Japan’s $6 Trillion Stock Market(Bloomberg) -- Japanese equities shed $1.1 trillion in value as they kicked off August with a record three-day loss. For bullish investors, that’s providing ...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »