'Unacceptable': Business groups say rail stoppage would hit grain, groceries and more

An impending labour stoppage on Canada's two national railways has riled industry groups who worry consumers and businesses will be hit hard if goods ranging from grains to french fries to petrochemicals can't be moved.

Both railways move $1 billion worth of goods per day. Grain, fertilizer and lumber would be among the products most affected, say industry groups. "They certainly don't want cars full of rotting fruit and vegetables and frozen foods," Graydon said."The domestic supply of fruits and vegetables is pretty good this time of year, but not enough to be able to satisfy the consumer demand," Graydon said.

"I don't think anybody fully comprehends the knock-on effects that are going to happen here, because it's going to be throughout the economy," he said. Deborah Yedlin, president of the Calgary Chamber of Commerce, said Canada's reputation as a reliable trading partner is at risk.Graydon said Ottawa needs to get all parties to the table."The U.S. depends very significantly on Canada as a trading partner, and those relationships are already strained. They're going to get even further strained through this."Jim Cramer Says Piper Sandler Analysts Encourage Investors To ‘Own Shares of Tesla Inc.

CHICAGO, August 21, 2024--Northern Trust Corporation announced today that Chief Financial Officer Jason Tyler will participate in the Barclays Global Financial Services Conference in New York City on Tuesday, September 10, 2024, at 3:30 p.m. .CHICAGO — Vice presidential nominee Tim Walz and former President Bill Clinton are headlining the Democratic National Convention on Wednesday, the third day of the party’s choreographed rollout of a new candidate, Kamala Harris, and her pitch to voters.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Rail strike could hurt Canada's economy: Business groupA coalition of business groups is calling on the federal government to prevent a work stoppage at Canada's two biggest railways.
Bron: CP24 - 🏆 30. / 67 Lees verder »

Business on edge as Canada’s railways on track for Thursday work stoppageTeamsters union serves strike notice to CPKC; CN Rail issues lockout notice
Bron: TerraceStandard - 🏆 24. / 68 Lees verder »

Business Matters: Canada’s summer housing market sluggish, but some neighbourhoods remain ‘hot’Despite two interest rate cuts from the Bank of Canada, the housing market has been sluggish this summer, though some neighbourhoods remained ‘hot.’ Anne Gaviola has this story and more in Business Matters for Thursday, Aug. 15, 2024.
Bron: GlobalCalgary - 🏆 50. / 61 Lees verder »

In Canada’s rise to riches, Globe business journalists have spent 180 years following the moneyGlobe business coverage has evolved alongside Canada as it went from a colony on the sidelines of the global economy to a player in its centres of power
Bron: globeandmail - 🏆 5. / 92 Lees verder »

Canada’s services economy contracted further in July as activity, new business declinedElevated wage costs contributed to increased inflationary pressures in the month, S&P Global Canada services PMI data showed on Tuesday
Bron: globeandmail - 🏆 5. / 92 Lees verder »

Canada can generate billions of dollars by tapping into inclusive business modelsThe Hill Times
Bron: TheHillTimes - 🏆 11. / 79 Lees verder »