Business Brief: Getting the trains moving again

We all got a brief remedial lesson in how foundational the railway system is to day-to-day life in Canada. We may think of our economy as evolved and digital, but we’re really still hopelessly captive to a network of parallel steel bars.

Why on Earth have we been obsessing over artificial intelligence? It’s all about trains, people! More on that below.its first quarterly loss in 21 years on Thursday after it set aside a US$2.6-billion provision to pay anticipated regulatory fines over anti-money laundering failures.CN workers picket in Toronto, as the rest of the country grappled with an unprecedented total shutdown of Canada's two national railways.

If we think of the industrial economy as a human body, the railways function as the circulatory system. Right, so the supply chain is sort of existentially important. As John Corey, president of the Freight Management Association of Canada, told The Globe, while the stoppage continues, nothing will come in or go out of the country through the ports. That’s a bit of a headwind to the whole international trade file. A prolonged stoppage could even reignite inflation is some categories.in a very tight spot.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Brief: How to mix U.S. inflation into a recipe for economic clarityAlso in today’s edition: Charting a more productive course for Canada, and Mars lands a salty deal
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: The Big Six earnings, and a spotlight on TDAlso in today’s edition: Canadians are in overwhelmingly good standing with their mortgage payments
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: Can Loblaw’s growing health care empire earn the trust of Canadian patients?Also in today’s edition: A chart, a quiz and a look at the day ahead
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: A market for the metals in the medalsAnother way to take the measure of Olympic victory
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: Gildan reveals the high price of winningQuebec clothing maker reports that it paid US$77-million over a prolonged proxy fight
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: Can Lil Yachty save McDonald’s?Why falling sales mean we ought to look beyond burgers
Source: globeandmail - 🏆 5. / 92 Read more »