Bloomberg News

Canada’s Raitt Says She Hopes for CP Rail Pact

May 22, 2012

Canadian Labor Minister Lisa Raitt said the government is making “every effort” to help broker an agreement between Canadian Pacific Railway Ltd. (CP) and the Teamsters to avert a strike that could begin as early as tomorrow.

Talks taking place today in Ottawa are centered around pension liabilities, Raitt said in an interview with CTV Television. Raitt said the government has a “strong mandate” to protect the economy and would be monitoring “very carefully” the impact of any strike.

“It’s part of my job to make sure that people get their deals done before we have work stoppages,” Raitt said. “Should there be a work stoppage, we will be monitoring very carefully the effect on the economy and acting appropriately.”

Raitt said referring the issue to the Canada Industrial Labour Relations Board, as she had done during a dispute at Air Canada, is not an option in this case because Canadian health and safety would not be jeopardized.

Raitt said the impact on the economy would not be “an immediate situation” because there is an alternative railway that can offer service, referring Canadian National Railway Co. (CNR)

To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

To contact the editor responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net


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