03:09:31 EDT Thu 16 May 2024
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CA



Canadian Pacific Kansas City Ltd
Symbol CP
Shares Issued 931,355,494
Close 2023-07-13 C$ 105.46
Market Cap C$ 98,220,750,397
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Globe says Nutrien, others see B.C. port strike end

2023-07-14 07:35 ET - In the News

See In the News (C-NTR) Nutrien Ltd

The Globe and Mail reports in its Friday, July 14, edition that a strike by 7,400 B.C. port workers has ended after the union and employers agreed to a four-year tentative deal. The Globe's Brent Jang writes that members of the International Longshore & Warehouse Union Canada agreed to return to work Thursday after the 13-day strike. The Canadian Manufacturers & Exporters estimates that supply chain issues could take months to sort out -- about one week for every day that B.C. ports were shut down. The BC Chamber of Commerce said in a statement, "Governments, labour and the private sector must focus forward and work together to restore the reputation of Canada as a reliable trading nation." The Greater Vancouver Board of Trade agreed, saying, "We need to rebuild our reputation as a stable trading partner and ensure the future resiliency and stability of our supply chain." The board had unveiled a "port shutdown calculator" earlier this week that showed more than $9.6-billion of cargo had been affected as of Thursday morning. The disruption to Canada's supply chain, including trains and trucks, halted the flow of a wide range of products, such as imports of consumer goods and exports of raw materials.

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