
Companies Take Stock of Rail Shutdown’s Hit to Economy—and Bottom Lines
Published on August 25, 2024
The economic fallout of the country’s rail shutdown is set to come into focus this week, as shippers and producers take stock of delays and losses. A work stoppage that began early Thursday morning at Canada’s two major railways is slated to end first thing Monday after a decision from the federal labour board ordered the companies and their workers to resume operations. But the full cost of the shutdown remains unclear, even as Moody’s warned it could cost the Canadian economy $341 million per day. The credit rating agency said agriculture, forestry and manufacturing were among the hardest-hit sectors....
