Canada calls to end CP Rail Strike amid fears of rising commodity crunch
Category: #headlines  | By Mateen Dalal  | Date: 2022-03-22 |
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Canada calls to end CP Rail Strike amid fears of rising commodity crunch

Canada has reportedly called for negotiations to put an end to a work stoppage at Canadian Pacific Railway Ltd, the country’s second-biggest railroad which is on the verge of aggravating a scarcity of commodities ignited by Russia’s invasion of Ukraine.

Apparently, the government officials fear the prolongation of the strike which started recently and the Canadian government has called for a proposal to end the dispute and get the workers back to work.

Not to mention, Canada is the largest country in terms of the area followed by Russia and relies heavily on rail to transport supplies like grain and produced goods to the port, along with 75% of fertilizers throughout the country.

As per credible sources, the agricultural sector in Canada is already affected by the Western economic sanctions on Belarus and Russia, the two main fertilizer manufacturers in terms of higher prices and shortages.

Wade Sobkowich, Executive Director at Western Grain Elevator Association stated that amid the war crisis, the world needs grain from Canada more than ever.

Wade mentioned that railways have struggled to cater to half of the weekly demands of the grain industry even after this year’s crop being 35% less than average and raised a warning that the CP strike could worsen the situation to a catastrophic level.

Reportedly, Teamsters Canada Rail Conference and CP are resolving the conflict with the involvement of federal mediators on the behalf of unionized locomotives engineer and others.

Seamus O’Regan, Labor Minister of Canada commented that they have faith in their capabilities to come to an agreement and they expect this immediately.

According to reports, the work halted in Canada is spread through south of the border as CP’s railway networks is stretched to Missouri, Kansas City across the United States.

Source Credits :- https://money.usnews.com/investing/news/articles/2022-03-21/canada-cp-rail-strike-to-add-to-commodities-supply-shock-sparked-by-ukraine-war

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Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

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