financetom
Business
financetom
/
Business
/
Market Chatter: Fed Govt Intervenes With Binding Arbitration In Bid to Resolve Port Labour Disputes
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Fed Govt Intervenes With Binding Arbitration In Bid to Resolve Port Labour Disputes
Nov 12, 2024 11:01 AM

10:21 AM EST, 11/12/2024 (MT Newswires) -- Federal Labour Minister Steven MacKinnon has ordered the Canada Industrial Relations Board to intervene in labour disputes at Canadian ports in a move to impose binding arbitration, The Globe and Mail is reporting Tuesday.

The decision on Tuesday by MacKinnon will affect four B.C. ports, the Port of Montreal and the Port of Quebec, it noted.

"I have directed the Canada Industrial Relations Board to order the resumption of all operations and functions at the ports, and to assist the parties by imposing final and binding arbitration," he said in a statement. "I have also directed the board to extend the term of the existing collective agreements until new ones are reached."

Tuesday's report noted the BC Maritime Employers Association locked out about 730 ship and dock forepersons on Nov. 4, hours after the union started what it called limited strike action that included a ban on overtime.

Members of Local 514 are supervisors of 7,400 workers at the International Longshore & Warehouse Union Canada.

(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 >
Nippon Steel Closes Acquisition of United States Steel
Nippon Steel Closes Acquisition of United States Steel
Jun 18, 2025
09:15 AM EDT, 06/18/2025 (MT Newswires) -- Nippon Steel has completed its acquisition of United States Steel ( X ) , the companies said Wednesday in a joint statement. Under the terms of the deal, Nippon Steel will invest about $11 billion in US Steel by 2028, while US Steel will retain its name, remain incorporated in the US, and...
Factbox-Stablecoin adoption by corporates poised to grow after US Senate passes key bill
Factbox-Stablecoin adoption by corporates poised to grow after US Senate passes key bill
Jun 18, 2025
(Reuters) -The U.S. Senate has passed a bill to create a regulatory framework for stablecoins, a once-niche corner of the crypto industry that is gaining traction among global companies. Stablecoins, a type of cryptocurrency designed to maintain a constant value - typically pegged 1:1 to the U.S. dollar - are widely used by crypto traders to move funds between tokens....
Canada could produce first LNG by this weekend, sources say
Canada could produce first LNG by this weekend, sources say
Jun 18, 2025
* First LNG expected to be produced in Canada on the weekend * LNG Canada expected to operate initially at 25% capacity * LNG tanker on the way to collect first cargo from new plant By Curtis Williams HOUSTON, June 18 (Reuters) - Canada could produce its first ever liquefied natural gas this weekend, from the LNG Canada export facility...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved