Canada's freight rail network could come to a grinding halt this week, likely extracting a huge economic toll across industries as the country's two leading ...
- Canada 's freight rail network could come to a grinding halt this week, likely extracting a huge economic toll across industries as the country's two leading rail companies plan an unprecedented work stoppage.
* The railways move an average of 69,000 Mt of fertilizer product per day, equivalent to four to five trains a day. * The strike is, however, unlikely to significantly reduce oil exports to the United States due to excess capacity on Trans Mountain and other pipelines.* Canadian farmers rely on the railways to move their products to the market. As much as 94% of grain is shipped by rail, according to Grain Growers of Canada.* The forest sector is an important contributor to Canada's economy. In 2022, exports of Canadian forest products stood at $45.5 billion, according to the Canadian government.
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