Safety and relocation in rail contract talks fall apart
In Montreal CN and CPRC push for new terms as Teamsters allege safety fatigue provisions and a relocation scheme. The two railways threaten Aug 22 lockouts over pay structure shifts from mileage to scheduled shifts and potential temporary relocations to fill gaps. Stakeholders claim offers comply with law while unions demand fair, safe agreements with protections for workers and families.
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Canadian National Railway Co
Canadian Pacific Kansas City Ltd
Teamsters Canada
CPRC
Teamsters
Paul Boucher
Jonathan Abecassis
CPEC
TSX climbs as energy lift offsets mixed U S markets
Canada's main stock index rose Monday with the energy sector leading gains as oil topped 80 a barrel. The S P/TSX composite gained 87.63 to 22398.93 while oil, gold, copper and natural gas prices rallied. U S indices showed mixed moves with the Nasdaq higher and Dow lower. Analysts cite Tourmaline Oil deal and Osisko Mining sale as sector catalysts. Fed and Jackson Hole events loom for rate outlook. Canada dollar trades near 72 79 U S cents and commodities post gains.
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John Zechner
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Osisko Mining
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Jerome Powell
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