Business and industry groups are warning of an economic catastrophe, as Canada’s railways shut down.
Canadian National and Canadian Pacific Kansas City shut down services at 10 p.m last night, locking out more than nine-thousand members of the Teamsters Union.
The railways move about one-billion dollars worth of goods per day, and experts say there will shortly be disruptions in Canada’s supply chains for just about everything.
That could lead to higher prices across the board, adding to inflationary pressures.
They add trucking firms simply don’t have the capacity to bear the extra load.
Here in Alberta, harvesting season is just underway, and about 90 per cent of our province’s grain production is shipped by the railways.
The Canadian Cattle Association notes that just about everything needed to raise cattle, especially feed, is brought in by rail.
