Loading…
Workers at CN and CPKC prepared for a strike vote on 8 April over rest provisions in their collective agreements, which expired at the end of 2023. The two companies own over 75% of Canada's rail network.
Negotiations had not produced a deal.
A possible rail shutdown would disrupt grain shipments to export terminals and could support Canadian and global wheat prices.
ipolitics.caDavis LegreeMar 25, 2024After 283 past bullish logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
