01:25:35 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Algoma Central Corp
Symbol ALC
Shares Issued 38,509,127
Close 2023-10-26 C$ 14.45
Market Cap C$ 556,456,885
Recent Sedar Documents

Globe says Algoma Central hears calls to end strike

2023-10-27 07:57 ET - In the News

The Globe and Mail reports in its Friday edition that Le Dumont-D'Urville sailed from Marseille across the Atlantic and up the St. Lawrence River, hoping to tour the fall splendour and big cities of the Great Lakes. The Globe's Eric Atkins writes that instead, the luxury passenger liner is stuck in Toronto awaiting the end of a strike that has closed the St. Lawrence Seaway locks and halted more than 100 ships. About 350 Seaway operators, engineers and supervisors walked off the job early on Oct. 22 after negotiators failed to agree on wage increases. The labour dispute between their union, Unifor, and St. Lawrence Seaway Management has closed 13 of the 15 locks between Montreal and Lake Erie, preventing ships from moving Prairie wheat, gasoline, steel, road salt and other goods ahead of the winter shutdown in late December. Terence Bowles, chief executive officer of St. Lawrence Seaway Management, said he fears the strike will harm the waterway's reputation as a reliable trade route. Wade Sobkowich, director of the Western Grain Elevator Association, agrees. Canada's credibility with exporters and foreign buyers is still recovering from the damage of the summer's B.C. ports strike and recent railway stoppages.

© 2024 Canjex Publishing Ltd. All rights reserved.