As Threat of Rail Strike Recedes, Canada’s Economy Remains in a Vulnerable Position

With the government pushing both sides to binding arbitration, the threat of a rail strike by workers at CN and CPKC, the two largest rail freight companies in Canada has receded. Yet the possibility for future work stoppages in the rail freight industry – or other economically sensitive sectors - remains real. Any extended idling of the nation’s principal rail freight carriers would be devastating for Canadian businesses and consumers and reverberate through the real estate industry.