Posted by & filed under Accounting Principles, Canadian Government.

Description: CP Rail has stated that it will lockout its engineers and conductors if they cannot reach an agreement with the Teamsters Union that represents its workers. This is not good news for a supply chain already struggling to recover from the SARS-CoV-2 pandemic. As well, the war in Ukraine has interrupted the grain supply from that major agricultural region. A shutdown of CP would make it very difficult for Canadian farmers to step in to supply the need.

Date:  March 17, 2022

Source:  financialpost.com

 Link: https://financialpost.com/transportation/rail/cp-rail-will-lock-out-3000-conductors-and-engineers-if-they-dont-have-a-deal-with-the-union-by-sunday

Discussion points:

1) Does a freight-line run through your university town?

2) If you were an advisor to Labour Minister Seamus O’Regan, what approach would you recommend to bring the two sides to an agreement?

3) Chapter 2 in Wiley’s Understanding Financial Accounting has a “For Example” inset box on page 2-4 discussing how Canadian public companies trading in both Canada and the US can choose between two sets of accounting standards. What choice has CP Rail made?

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