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 Notícia

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 83. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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 ...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »