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Canada's Labour Minister sent the stalled rail talks to binding arbitration and ordered the lockout of 9,300 workers to end. The Canada Industrial Relations Board ruled it had no authority to overturn that order.
The Teamsters union had challenged the decision in federal court, and an arbitrator was being appointed.
Binding arbitration reduces the risk of a repeat rail shutdown, which eases worries about grain, potash and fertilizer logistics in Canada. Freight conditions are likely to normalize gradually.
wwd.comGlenn TaylorSep 3, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 1,019 past policy events, WHEAT moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% 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.
