Rail strike could devastate B.C.'s economy, business leaders say

With a potential Canada-wide railway worker strike less than two days away, B.C. business leaders are warning that such an action would raise prices for consumers and have devastating impacts on the province's economy.

One step up the supply chain, at the small business level, Peacock said the impacts would be even worse. Restaurants often rely on rail services to import fresh food and beverages and non-food related businesses rely on the transportation method to send and receive products, parts and essential materials.

Restaurants Canada also issued a statement, noting that 47 per cent of restaurants are currently operating at a loss or breaking even. Depending on how long a potential railway strike lasts, Peacock said the impacts would be disastrous for B.C.'s economy. It could also harm Canada's reputation as a major transporter on a global scale – something Peacock said the country has worked hard to build over the last two decades.

CN made a request to federal Labour Minister Steven MacKinnon asking him to use binding arbitration to force a deal, but MacKinnon rejected the request last Thursday , saying he wanted the company to bargain in good faith.

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