What Will the Longer-Term Impacts of the Rail Strike Be?

The impacts of the national rail shutdown will be felt by businesses in every sector for weeks to come whether the lockout lasts one day, one week, or even one month, business and industry leaders say. Trains across the country came to a standstill at 12:01 a.m. EDT on Aug. 22 after contract negotiations broke down between Canada’s two primary rail companies and the union representing their 9,300 employees. The shutdown marks the first-ever simultaneous work stoppage at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), raising concerns about potential disruptions to supply chains. The strike is only one day old and already the Canadian Federation of Independent Business (CFIB) is hearing from businesses concerned about not getting the essential shipments they need to run their operations, director of national affairs Christina Santini told The Epoch Times....