North American markets rise slightly on labour data and earnings
Canadian S&P/TSX gains 84.29 points to 23,121.78 as base metals and tech help. U.S. indexes rise led by Target and TJX after retail earnings. Fed minutes show a September cut likely if inflation cools, with investors awaiting Jackson Hole. Currency oil and metals prices move modestly, markets remain sensitive to labour data and rate expectations.
MENTIONED IN THIS ARTICLE
Toronto
Canada
U.S
New York
Fed
Wilding
Target
TJX
Jackson Hole
Canada rail stoppage looms as CN and CPEC face unions
Canada’s two major freight lines CN and CPEC inch toward a shutdown if talks with engineers conductors and dispatchers fail ahead of a 12:01 a.m. deadline. Government pressure public urged resolution as disruption could halt all cross border traffic and choke shipments of chemicals and perishables. CSX in the U.S. meanwhile reached five year wage deals with several unions, signaling a shift in bargaining dynamics.
MENTIONED IN THIS ARTICLE
Toronto
Canada
Union
Canadian National
CPEC
U.S
CSX
Smart-Td
Transportation Communications Union
Brotherhood of Railway Carmen
Transport Workers Union
TCU
Artie Maratea
Justin Trudeau
Teamsters Canada Rail Conference
The
Ble
Trudeau
Gatineau
Que
Montreal
Calgary
Alta
Congress
Joe Biden
Jor
Jacksonville
Joe Hinrichs
United States
Canadian Chambers of Commerce
Norfolk Southern Railways
Hapag-Lloyd
Looming Canada rail strike could disrupt transit and trade
A potential shutdown at Canadian National and Canadian Pacific Kansas City could halt commuter service in Toronto Montreal and Vancouver and cause cargo backlogs at Vancouver and Montreal ports. Grain potash coal and other goods would slow export and import flows with ripple effects for small businesses and consumer goods across Canada.
MENTIONED IN THIS ARTICLE
Canada
Victor Pang
Vancouver Fraser
Toronto
Montreal
Vancouver
CPEC
United States
Canadian National Railway Co
Canadian Pacific Kansas City Ltd
Exo
Candiac
Saint-Jérome
Vaudreuil
Hudson
TransLink
West Coast Express
Metrolinx
Milton
Hamilton
Greater
Gulf Islands
Retail Council of Canada
Asia
Europe
Council
Michelle Wasylyshen
Canadian Federation of Independent Business
Statistics Canada
Wade Sobkowich
Western Grain Elevator Association
Michael Graydon
Food, Health and Consumer Products of
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Tamsin Wilding
Leith Wheeler Investment Counsel Ltd
U.S. Federal Reserve
Associated Press
CPKC
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Family TV
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Mayuay
American Jr
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Natalie Duran
Meagan Martin
Looney
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Ytv
Thivierge
Rachid Badouri
Sylvie Moreau
Pederson
Alanatt
Amy Matusio
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Arte Thomas
Rubble
Ranger
Rob's Super S
Berry G
Railway Association of Canada
Business TV
CNBC
CNN
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Erin Burnett
Anderson Cooper
Jake Tapper
Democratic Party
Kamala Harris
T.gunman
Jan Unsig
Travis DI
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