CN, CPKC file requests for conciliation amid ongoing negotiations with union
BNN Bloomberg
CN and Canadian Pacific Kansas City both say they have filed requests for conciliation in ongoing collective agreement negotiations with the Teamsters Canada Rail Conference.
CPKC says in a press release that it's been negotiating since September but that it and the union "remain far apart on the issues."
The Calgary-based company says the negotiations are for two collective agreements representing approximately 3,280 workers across Canada.
It says the two agreements expired at the end of 2023 but will remain in effect until a new deal is reached.
U.S. stocks are sinking Friday as hopes wither on Wall Street for a possible cut to interest rates by the Federal Reserve this year because of the war with Iran.
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Wall Street is stumbling toward the finish line of a fourth straight losing week, but an ease in oil prices is taking some of the pressure off stock markets worldwide.
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