Workers at the Canadian Pacific Railway recently walked off the job, starting a strike that could have a detrimental impact on several industries.
Canadian Pacific accounts for close to 40 percent of Canada's rail activity. According to Bob Ballatyne, president of the Canadian Industrial Transportation Association, anything more than a few days is going to have a huge impact on Canadian supply systems, according to CBC News.
Among the industries expected to be affected by the strike are coal mines, farms, auto manufacturing plants and possibly Canadian Tire.
"We are actively working to mitigate any impact to our operations through alternative shipment methods," Chrysler Canada spokeswoman Lou Ann Gosselin wrote in an email to CBC.
Fadi Chamoun, a research analyst at BMO Capital Market in Toronto, recently reported that the Canadian Pacific Railway, which had revenue of $5.2 billion last year, could possibly see $13 million a day in lost or delayed revenue, according to the news source.
The Canadian Labor Minister Lisa Raitt recently introduced legislation to end the strike. CP is Canada's second-largest railroad behind Canadian National Railway Company.
Canadian Pacific accounts for close to 40 percent of Canada's rail activity. According to Bob Ballatyne, president of the Canadian Industrial Transportation Association, anything more than a few days is going to have a huge impact on Canadian supply systems, according to CBC News.
Among the industries expected to be affected by the strike are coal mines, farms, auto manufacturing plants and possibly Canadian Tire.
"We are actively working to mitigate any impact to our operations through alternative shipment methods," Chrysler Canada spokeswoman Lou Ann Gosselin wrote in an email to CBC.
Fadi Chamoun, a research analyst at BMO Capital Market in Toronto, recently reported that the Canadian Pacific Railway, which had revenue of $5.2 billion last year, could possibly see $13 million a day in lost or delayed revenue, according to the news source.
The Canadian Labor Minister Lisa Raitt recently introduced legislation to end the strike. CP is Canada's second-largest railroad behind Canadian National Railway Company.
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