'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.

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