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Washouts on Canadian Pacific and Canadian National lines in the Fraser Canyon halted most rail traffic between Vancouver and Kamloops for more than a week from November 14. Service is starting to resume, but the Fraser Valley is still far from normal.
Repairs at Tank Hill and near Boston Bar are the main obstacles.
Prairie grain and other bulk cargo bound for Vancouver is backing up, which slows exports and can widen basis discounts at inland elevators. Congestion at the port keeps freight costs elevated until rail service fully returns.
fvcurrent.comFraser Valley Current staffDec 2, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
