President Of Canadian Teamsters Union Says Even If Industrial Relations Board Issues A Back-to-work Order For Rail Employees, Our People Will Still Be On Strike
Portfolio Pulse from Benzinga Newsdesk
The President of the Canadian Teamsters Union has stated that rail employees will continue to strike even if a back-to-work order is issued by the Industrial Relations Board. This could impact companies and ETFs related to Canadian rail operations.
August 23, 2024 | 3:20 pm
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Canadian National Railway (CNI) may face operational disruptions due to the ongoing strike by rail employees, despite potential back-to-work orders.
The ongoing strike by rail employees, even in the face of a back-to-work order, suggests potential operational disruptions for Canadian National Railway, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares MSCI Canada ETF (EWC) may experience volatility due to the rail strike, as it includes Canadian companies potentially affected by labor disruptions.
The iShares MSCI Canada ETF includes Canadian companies that could be impacted by the rail strike, leading to potential short-term volatility in the ETF's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60