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Canada's Parliament passed back-to-work legislation, Bill C-29, ending a week-long strike by longshore workers at the Port of Montreal. The strike had started as a part-time action in April and expanded to a full stoppage.
The bill sets up a mediation-arbitration process to settle the collective agreement dispute.
Bulk grain traffic is protected under the federal Labour Code, so the impact on grain prices is limited, and containerized specialty crop and fertilizer movements are the main beneficiaries of the resolution.
grainews.caDave Bedard, GFM Network NewsMay 1, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), 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.
