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UPDATE: Canadian Pacific Rail reaches agreement with Teamsters to end strike

UPDATE: Canadian Pacific Rail reaches agreement with Teamsters to end strike | iNFOnews.ca
Canadian Pacific railway workers picket at the company's intermodal terminal Wednesday, May 30, 2018 in Montreal. THE CANADIAN PRESS/Ryan Remiorz

MONTREAL – Canadian Pacific Railway and the Teamsters Canada Rail Conference say they have reached a four-year tentative agreement to end a strike hours after it began.

The parties also reached a five-year deal for the Kootenay Valley Railway.

The union says full operations at both railways will resume Thursday morning across Canada.

Union president Doug Finnson called the deal a fair contract that its members can feel good about.

CP Rail chief executive Keith Creel says the agreements are positive for 12,000 railway employees, customers and the entire Canadian economy.

Creel adds that the agreement will provide long-term stability.

The tentative agreements must be ratified by Teamsters members over the coming months.

Details of the agreement are being withheld pending ratification.

Companies in this story: (TSX:CP)

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Howard Alexander

Assistant Editor Howard Alexander comes to iNFOnews.ca from the broadcasting side of the media business.

Howard has been a reporter, news anchor, talk show host and news director, first in Saskatchewan and then the Okanagan.

He moved his family to Vernon in the 90s and is proud to call the Okanagan home.

If you have an event to share contact Howard at 250-309-5343or email halexander@infonews.ca.

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