01:03:24 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Canadian National Railway Company
Symbol CNR
Shares Issued 661,956,580
Close 2023-07-05 C$ 159.15
Market Cap C$ 105,350,389,707
Recent Sedar Documents

FP says CN warns of damage inflicted by strike in B.C.

2023-07-06 08:15 ET - In the News

The Financial Post reports in its Thursday, July 6, edition that Canadian National Railway says the damage inflicted by a strike at the ports of British Columbia could take months to correct. Then Post's Naimul Karim writes that the Retail Council of Canada said delays caused by the strike could increase consumer prices since shipping companies charge for the time that goods are on ships, trains, trucks or in container terminals. It added that the impact could be North America-wide since many imported consumer goods enter Canada through B.C. ports. The Canadian Federation of Agriculture said the longer the strike lasts, the worse the impacts will be because companies with vessels delayed in port charge demurrage fees and other penalties that are passed down to farmers. Canada's largest mining group, the Mining Association of Canada, said the port shutdowns have put the country's reputation as a trusted producer of minerals in question. Devin Dreeshen, Alberta's minister of transportation and economic corridors, said he wants the federal government to recall Parliament to consider back-to-work legislation to end the strike. So far, however, the federal government has not shown any such intention.

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