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Canadian National Railway and Teamsters Canada reached a tentative deal to renew the collective agreement for about 3,200 conductors and yard crews, ending a week-long strike. Work is to resume Wednesday with no further job action during a roughly eight-week ratification process.
Nutrien will still shut down some potash mining operations due to the backlog.
Grain and potash shipments face a backlog from the stoppage that left CN at about 10 per cent capacity, so near-term export flows from Canada may stay delayed. Shipping disruption tends to support basis and freight costs while the backlog clears.
financialpost.comEmily Jackson, Naomi PowellNov 26, 2019Not enough comparable past events yet for a historical read.
Not 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.
