OTTAWA (Reuters) – Canada’s rail blockage might set you back over C$ 341 million daily, scores firm Moody’s stated on Wednesday, hours prior to 2 significant regional products rail drivers were anticipated to lockout employees if a take care of the Teamsters union is not gotten to.
“Canada is approaching an economic precipice and time is dwindling,” the scores firm stated in a note.
Completely closing down 75% of Canada’s products rail website traffic would certainly set you back the economic climate approximately C$ 341 million ($ 251 million) daily, a price equivalent to greater than 4% of the country’s GDP, it included.
($ 1 = 1.3586 Canadian bucks)
(Reporting by David Ljunggren and Promit Mukherjee; Editing by Chris Reese)
