{"id":12611,"date":"2022-03-21T12:06:48","date_gmt":"2022-03-21T12:06:48","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/03\/21\/canada-cp-rail-strike-to-add-supply-shock-triggered-by-ukraine-war\/"},"modified":"2022-03-21T12:06:48","modified_gmt":"2022-03-21T12:06:48","slug":"canada-cp-rail-strike-to-add-supply-shock-triggered-by-ukraine-war","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/03\/21\/canada-cp-rail-strike-to-add-supply-shock-triggered-by-ukraine-war\/","title":{"rendered":"Canada CP Rail strike to add supply shock triggered by Ukraine war"},"content":{"rendered":"<div>\n<p  >The control tower overlooks the Canadian Pacific Railway (CP Rail) Toronto Yard in Scarborough, Ontario, Canada March 20, 2022. REUTERS \/ Chris Helgren<\/p>\n<div >\n<div >\n<h6 >Sign up now for FREE unlimited access to Reuters.com<\/h6>\n<p><button ><\/p>\n<p><span >Registration<\/span><\/p>\n<p><\/button><\/div>\n<\/div>\n<\/div>\n<div>\n<p data-test >TORONTO, March 21 (Reuters) &#8211; A labor dispute that closed operations on the Canadian Pacific Railway Ltd (CP.TO) on Sunday has been halted to exacerbate a shortage of goods triggered by the Russian invasion of Ukraine was, and an extended lockdown could harm the farmers going forward.  of the spring planting season.<\/p>\n<p data-test >CP, Canada&#8217;s number 2 railroad, has halted operations after talks with the workers&#8217; union failed, with both sides blaming the other for the outcome.  Talks continued on Sunday with federal mediators at the table.  read more <\/p>\n<p data-test >Canada, the largest country by region after Russia, relies heavily on the railroad to ship goods and manufactured goods to ports.  With 75% of all fertilizer in Canada moved over rails, the farm will feel the heat, said industry agency Fertilizer Canada.  The agricultural sector is already facing shortages and higher prices due to western economic sanctions on Russia and Belarus, two major fertilizer producers.<\/p>\n<div >\n<div >\n<h5 >Sign up now for FREE unlimited access to Reuters.com<\/h5>\n<p><button ><\/p>\n<p><span >Registration<\/span><\/p>\n<p><\/button><\/div>\n<\/div>\n<p data-test >&#8220;The main issue is the short window for farmers to get the fertilizer they need for their harvest. We are 4-6 weeks away from seeds in Canada and also earlier in the US,&#8221; said the President and CEO Fertilizer Canada Karen Proud.<\/p>\n<p data-test >The impact of the strike could be felt south of the border as the CP&#8217;s rail network runs as far south as Kansas City in the United States.<\/p>\n<p data-test >&#8220;A CP halt would bring additional uncertainty to fertilizer markets in the U.S.,&#8221; said Corey Rosenbusch, president and CEO of the Fertilizer Institute, adding that the U.S. imports 86% of its potassium from Canada, much of it via rail.<\/p>\n<p data-test >Nutrien Ltd (NTR.TO), the world&#8217;s largest fertilizer producer, could resist a CP halt lasting several days as it moved potash from its Canadian mines to US stores before spring planting, Interim Chief Executive Ken Seitz told the Reuters said.  But a longer shutdown would force nutrients to slow potassium production, Seitz said.  read more <\/p>\n<p data-test >Nutria plans to increase potassium production by almost 7% this year to around 15 million tonnes due to supply insecurity.  read more <\/p>\n<p data-test >The CP blockade is the latest blow to Canada&#8217;s battered supply chain, which sparked floods in British Columbia last year that have suspended access to Canada&#8217;s largest port.<\/p>\n<p data-test >An eight-day strike by Canadian National Railway Co. (CNR.TO) in 2019 will cost the fertilizer industry between C $ 200 million-C $ 300 million ($ 159- $ 238 million), the industry group estimates.<\/p>\n<p data-test >The Mining Association of Canada said work stoppages such as those of CP&#8217;s would bring extra operational costs to businesses and &#8220;reduce confidence in Canada&#8221; as a destination for investment in supply chain dependent businesses.<\/p>\n<p data-test >($ 1 = 1.2601 Canadian dollars)<\/p>\n<div >\n<div >\n<h5 >Sign up now for FREE unlimited access to Reuters.com<\/h5>\n<p><button ><\/p>\n<p><span >Registration<\/span><\/p>\n<p><\/button><\/div>\n<\/div>\n<p><span >Written by Denny Thomas Edited by Jacqueline Wong<\/span><\/p>\n<p >Our Standards: The Thomson Reuters Trust Principles.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The control tower overlooks the Canadian Pacific Railway (CP Rail) Toronto Yard in Scarborough, Ontario, Canada March 20, 2022. REUTERS \/ Chris Helgren Sign up now for FREE unlimited access to Reuters.com Registration TORONTO, March 21 (Reuters) &#8211; A labor dispute that closed operations on the Canadian Pacific Railway Ltd (CP.TO) on Sunday has been [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-12611","post","type-post","status-publish","format-standard","hentry","category-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v18.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canada CP Rail strike to add supply shock triggered by Ukraine war - Tahrir News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tahrir2day.com\/news\/2022\/03\/21\/canada-cp-rail-strike-to-add-supply-shock-triggered-by-ukraine-war\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada CP Rail strike to add supply shock triggered by Ukraine war\" \/>\n<meta property=\"og:description\" content=\"The control tower overlooks the Canadian Pacific Railway (CP Rail) Toronto Yard in Scarborough, Ontario, Canada March 20, 2022. 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