financetom
Business
financetom
/
Business
/
Market Chatter: Canada Port Lockouts Back Trudeau Government Into a Corner Again
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Canada Port Lockouts Back Trudeau Government Into a Corner Again
Nov 11, 2024 1:41 PM

04:10 PM EST, 11/11/2024 (MT Newswires) -- Business groups are urging Justin Trudeau's government to put an end to labor strife at Canada's largest ports, as it did with railways in August, to avoid chaos in the country's supply chains, Bloomberg is reporting Monday

It noted hundreds of dock foremen at British Columbia ports have been locked out for a week. Montreal port employers did the same on Sunday, locking out 1,200 unionized employees after those workers rejected a contract offer that included pay increases of about 20% over six years.

Together, the work disruptions are affecting ports that handle some C$1.2 billion ($860 million) of goods a day, businesses say. They want Labor Minister Steven MacKinnon to force the matter to the Canada Industrial Relations Board, which can order the sides to arbitration to resolve the dispute.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Southwest Airlines Reaches Tentative Deal With Flight Attendants' Union for New Labor Contract
Southwest Airlines Reaches Tentative Deal With Flight Attendants' Union for New Labor Contract
Mar 20, 2024
09:59 AM EDT, 03/20/2024 (MT Newswires) -- Southwest Airlines ( LUV ) said Wednesday it has reached a tentative agreement with the Transport Workers Union Local 556 for a labor contract covering the airlines' 20,000 flight attendants. The company said the union will provide details to the flight attendants regarding the deal and the voting process. Southwest Airlines ( LUV...
Carote's Cooks Up Big Growth With Own-Brand Strategy
Carote's Cooks Up Big Growth With Own-Brand Strategy
Mar 20, 2024
There's nothing like a new recipe to spice up your revenue and profits. That's the message coming from Carote Ltd., which has filed for a Hong Kong IPO, hoping to entice investors with its explosive growth under an evolving business model rolled out by its young, second-generation management team. The kitchenware company, originally named Zhejiang Carote, was established in 2007 and...
MiMedx Group to Buy Distribution Rights for TELA Bio's Wound Care Product
MiMedx Group to Buy Distribution Rights for TELA Bio's Wound Care Product
Mar 20, 2024
10:00 AM EDT, 03/20/2024 (MT Newswires) -- MiMedx Group ( MDXG ) has agreed to buy TELA Bio's ( TELA ) distribution rights for NIVIS Fibrillar Collagen Pack, a wound care product, for $5 million upfront, the two companies said on Wednesday. MiMedx ( MDXG ) said it will also make additional payments of between $3 million and $7 million...
Nvidia to Ship New Blackwell AI Chip Later in 2024, CFO Says
Nvidia to Ship New Blackwell AI Chip Later in 2024, CFO Says
Mar 20, 2024
09:58 AM EDT, 03/20/2024 (MT Newswires) -- Nvidia ( NVDA ) will ship its recently unveiled Blackwell AI chip later in 2024, Chief Financial Officer Colette Kress said Tuesday. Many of our customers that we have already spoken with... have provided us their demand, Kress said on a conference call with analysts, according to a Capital IQ transcript. And that...
Copyright 2023-2026 - www.financetom.com All Rights Reserved