Canadian Pacific Railway Ltd. is prepared to live with the “choppiness” of a looming strike of train conductors rather than consent to a labour deal that cripples its long-term earnings power, chief executive officer Keith Creel said.
A walkout would begin at 12:01 a.m. Eastern time Saturday and affect more than 3,300 employees, including conductors and electrical workers, among others. On Tuesday, the Teamsters Canada Rail Conference and the International Brotherhood of Electrical Workers each gave Canadian Pacific a 72-hour notice of their plan to strike.
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