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Shipping volumes at the Port of Montreal are falling as importers and exporters divert cargo amid the threat of a longshore strike. Port volume is down 1.8 per cent since the start of 2021, according to the Maritime Employers Association.
The longshore union rejected the employers' offer but said it would not issue a strike notice.
Cargo diversion to New York and Baltimore raises freight costs and transit uncertainty for Canadian grain and special crop exporters, which can widen basis and delay shipments to buyers.
globalnews.caStaff The Canadian PressMar 30, 2021Not 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.
