Saturday, July 4th22.5°C
26932
22748

CP will try to move more grain through port at Thunder Bay: Manitoba government

WINNIPEG - The Manitoba government says it has secured a promise from the head of Canadian Pacific Railway to try to move more grain through the port at Thunder Bay, Ont.

Manitoba Transportation Minister Steve Ashton says he has spoken on the telephone with CP CEO Hunter Harrison.

Ashton says Harrison has agreed to intervene personally to try to have more grain shipped through Thunder Bay, where there is some unused elevator capacity.

A backlog exists across Western Canada due to bumper crops and an extremely cold winter that rail companies say snarled grain movement.

An emergency order earlier this month from the federal government set minimum targets for CP and Canadian National of 11,000 cars a week and fines of up to $100,000 a day for failing to meet those targets.

Saskatchewan and Alberta say the minimums should be higher — 13,000 grain cars a week and a penalty of $250,000 a day.

The Canadian Press


Read more Business News

26935


Recent Trending




Today's Market
S&P TSX14682.39+44.40
S&P CDNX670.58-1.00
DJIA17730.11-27.80
Nasdaq5009.21-3.91
S&P 5002076.78-0.64
CDN Dollar0.7955-0.0018
Gold1167.10+4.10
Oil56.20-1.41
Lumber288.50+0.40
Natural Gas2.77-0.05

 
Okanagan Companies
Pacific Safety0.17+0.00
Knighthawk0.010.00
QHR Technologies Inc1.52-0.03
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.78-0.09
Copper Mountain Mining1.17+0.03
Colorado Resources0.09+0.03
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.50

 





FEATURED Property
2308774156 Jewell Place
4 bedrooms 3 baths
$669,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_








Member of BC Press Council


25143