August 26, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--While much of the market's attention on Friday was on the Jackson Hole economic symposium in Wyoming, North America breathed a bit easier as fears of a widespread rail strike in Canada waned. Nearly 10,000 workers from Canadian National Railways (NYSE:CNI) (CN) (Montral, Quebec) and Canadian Pacific Kansas City (NYSE:CP) (CPKC) (Calgary, Alberta) threatened to walk off the job by Thursday without a last-minute agreement with the Teamsters labor union.
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