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MONTREAL — Canadian National Railway Co. says it plans to relocate its operations in Jasper to near Hinton, Alta., about 100 kilometres away.
The relocation to Hinton will directly impact around 200 union workers currently living in Jasper
Canadian National Railway Co (CNR:CA) Canadian National Railway has recently updated its guidance, which has disappointed investors by setting expectations to a more modest and achievable level. Despite this, CN remains a preferable choice compared to its competitor, Canadian Pacific Kansas City (CPKC), primarily due to the excessive valuation premium...
Disappointing news has brought an enticing opportunity for investors
Inside the Market’s roundup of some of today’s key analyst actions
Canadian National Railway Co. (CNR:CA) (CNI) Recent Developments Canadian National Railway recently adjusted its profit forecast for 2024, citing the adverse effects of labor stoppages and wildfires in Alberta. The company estimated that these issues have negatively impacted its earnings by approximately 20 cents per share in the current quarter....
Labour Minister Steven MacKinnon has not said whether he would step in to end any potential stoppage as Canada’s largest business lobby group urges action if needed
Global Markets Canadian Markets: The TSX remained relatively flat today, showing little change. This stability came as oil prices experienced a slight rebound from losses incurred in previous sessions. The flat performance reflects a balance between varying sector performances and broader economic indicators. U.S. Markets: U.S. stocks saw a decline...
A survey of North American equities heading in both directions
Inside the Market’s roundup of some of today’s key analyst actions
The railway revised its earnings guidance for 2024 lower due to several factors, including the recent labour stoppage
MONTREAL — Canadian National Railway Co. revised its earnings guidance for 2024 lower due to several factors including the recent labour stoppage that saw both Canada's major railways grind operations to a halt.
Government officials say the challenge in the Federal Court is separate from the board’s ruling and will not affect the return to work
Prime Minister tells International Union of Operating Engineers the call for arbitration was made ‘reluctantly’
The country’s two main freight railways had already turned away a growing number of goods ahead of the recent work stoppage
Joint job action at Canadian National Railway and what was then Canadian Pacific previously stopped rail traffic from coast to coast in 1950, 1966, 1973 and 1987
Canadian Railways (CNR:CA) (CP:CA) In a decisive move aimed at resolving the ongoing labor disruption affecting major Canadian railways, the Canadian Industrial Relations Board (CIRB) has imposed binding arbitration, compelling CN (Canadian National Railway) and CPKC (Canadian Pacific Kansas City) to resume operations. This development follows heightened tensions and labor...
Canadian National and Canadian Pacific Kansas City previously issued embargoes on goods moving to the U.S. as part of an orderly shutdown before a potential work stoppage
Metrolinx spokesperson says there may be some adjustments to schedules throughout the day
Having private, profit-driven interests in charge is neither smart politics nor a wise plan for an essential work force operating vital national infrastructure
Canadian National Railway Co. said it has been restoring its operations since workers returned to their duties on Friday morning, but it could take longer than a week