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Canadian Stock Movers for Monday | Hut 8 Corp Was the Top Gainer; Cannabis Led Gains
Canadian freight railroads are preparing for a major strike while the demand is soaring, the trucking transportation industry is unable to meet the needs.
Amid the possible shutdown of railroads for freight transportation, which could impact multiple industries in Canada, the trucking transportation industry faces unmet higher freight demands.
Canadian strikes are causing American companies to be upset. Multiple trade groups have written a letter to Trudeau requesting government intervention.
① Two Canadian railroad companies have issued warnings that their railroads will face the risk of strikes if an agreement is not reached on Thursday. ② A US trade group has sent a letter to Canadian Prime Minister Trudeau requesting intervention because a strike of Canadian railroads will seriously affect the normal operation of the US economy. ③ In addition to the railroads, Canada's largest port, Vancouver Port, is also facing the risk of strikes.
CIBC Sticks to Its Hold Rating for Westshore Terminals (WTE)
Press Release: WESTSHORE TERMINALS FILES 2024 SECOND QUARTER REPORT AND ANNOUNCES 2024 Q3 DIVIDEND
RBC Capital Previews Canadian Trucking and Diversified Industrials Q2
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