Canadian labor minister meets with provincial counterpart in day five of Canada's port strike

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Canadian labor minister meets with provincial counterpart in day five of Canada's port strike
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On Tuesday, both the International Longshoremen and Warehouse Union and the British Columbia Maritime Employers Association said they were pausing negotiations.

Canadian Labor Minister Seamus O'Regan met with his provincial counterpart, British Columbia Labor Minister Harry Bains, in Vancouver on Wednesday to discuss the country's west coast port strike.

An estimated $19 billion in trade is stranded off the ports of Vancouver and Prince Rupert as a result of the strike.Justin Sullivan | Getty Images News | Getty Images Government sources told CNBC that O'Regan and Bains met to urge both parties to get together and find a solution. Calls for government intervention have been circulating citing the May 2021 strike at the Port of Montreal.

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