CBC News - 'It is so critical to the economy': Industry leaders urge Trudeau to end CN Rail strike

November 20, 2019 – CBC News

'It is so critical to the economy': Industry leaders urge Trudeau to end CN Rail strike

By Kyle Bakx

Pressure is mounting on the federal government to reconvene Parliament ahead of schedule and put a stop to the CN Rail strike, as industry groups tally up potential losses resulting from the work stoppage and raise concerns about the harm caused to the country's reputation abroad.

About 3,200 conductors, trainpersons and yard workers walked off the job on Tuesday after negotiations on a new contract with the railway were unsuccessful. […]

[…] "This is very significant," said association president Bob Masterson in an interview.

The chemical industry provides supplies to other industries such as the mining, forestry and automotive sectors. Chemicals are also used by many cities to provide clean drinking water and to treat sewage. […]

[…] Jason Lenz says the CN strike will weigh immediately on farmers who need to manage logistics of moving grain now and plan ahead 1:00

The various trade wars have also hurt commodity prices.

"We haven't had a good year overall in farming, and this just compounds what the issues have been," said Dave Bishop, who has a 3,500-acre farm near Lethbridge and serves as chair of Alberta Barley. […]

[…] "If they get this thing settled within the next five to seven days, the impact should be pretty minimal," said Martin King, a senior commodities analyst with RBN Energy.

"If it starts dragging on beyond a week or 10 days, you'll start to notice more of an impact," he said. […]

[…] Crude oil shipments were on the rise by CN Rail leading up to the work stoppage. The data in this chart includes the shipment of all petroleum products. (Martin King/RBN Energy)

Some companies will be affected more than others. For instance, Cenovus signed a three-year deal with CN Rail in late 2018 to ship about 100,000 barrels per day of oil to the U.S. Gulf Coast. […]

[…] Conservative Leader Andrew Scheer is urging Prime Minister Justin Trudeau to immediately recall Parliament to enact emergency legislation and resume operations at CN Rail.

Labour Minister Patty Hajdu said the government is concerned about the impact of a work stoppage on Canadians, but remains hopeful the two sides will reach an agreement.

"We are monitoring the situation closely," she said.


Read the full article here: https://www.cbc.ca/news/business/cn-rail-barley-chemicals-strike-stoppage-1.5365299