Current:Home > MarketsCanadian workers reach deal to end strike that shut down Great Lakes shipping artery -ForexStream
Canadian workers reach deal to end strike that shut down Great Lakes shipping artery
View
Date:2025-04-17 15:58:55
MINNEAPOLIS — A deal was reached Sunday to end a week-long strike that had shut down a major shipping artery in the Great Lakes, halting the flow of grain and other goods from the U.S. and Canada.
Around 360 workers in Ontario and Quebec with Unifor, Canada's largest private-sector union, walked out Oct. 22 in a dispute over wages with the St. Lawrence Seaway Management Corp.
Seaway Management said ships will start moving again when employees return to work at 7 a.m. Monday.
"We have in hand an agreement that's fair for workers and secures a strong and stable future for the Seaway," CEO Terence Bowles said in a statement Sunday.
Unifor said a vote to ratify the deal will be scheduled in the coming days.
"Details of the tentative agreement will first be shared with members and will be made public once an agreement is ratified," said a union statement.
The strike shut down 13 locks on the seaway between Lake Erie and Montreal, bottling up ships in the Great Lakes and preventing more ships from coming in.
The St. Lawrence Seaway and Great Lakes are part of a system of locks, canals, rivers and lakes that stretches more than 2,300 miles (3,700 kilometers) from the Atlantic Ocean to the western tip of Lake Superior in Minnesota and Wisconsin. It carried over $12 billion (nearly $17 billion Canadian) worth of cargo last year. Ships that travel it include oceangoing "salties" and "lakers" that stick to the lakes.
It's the first time that a strike has shut down the vital shipping artery since 1968.
The Chamber of Marine Commerce estimated that the strike, which took place during one of the busiest times of the year for the seaway, caused the loss of up to $100 million per day in economic activity across Canada and the U.S.
"We are pleased that this interruption in vital Seaway traffic has come to an end, and we can focus once more on meeting the needs of consumers around the world," chamber president Bruce Burrows said in a statement Sunday.
veryGood! (8)
Related
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Civil rights group says North Carolina public schools harming LGBTQ+ students, violating federal law
- Little-known Democrat runs for North Dakota governor
- Maine governor says that despite challenges the ‘state is getting stronger every day’
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- The UAE ambassador takes post in Damascus after nearly 13 years of cut ties
- Stephen Curry to battle Sabrina Ionescu in first-ever NBA vs. WNBA 3-Point Challenge
- Rep. Cori Bush under investigation by Justice Department over security spending
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Inflation further cools in Australia as confidence of ‘soft landing’ grows
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- National Security Council's John Kirby on how the U.S. might respond to deadly attack in Jordan
- Elon Musk cannot keep Tesla pay package worth more than $55 billion, judge rules
- EU envoy urges Kosovo and Serbia to step up normalization efforts before the bloc’s June elections
- Highlights from Trump’s interview with Time magazine
- Some Republican leaders are pushing back against the conservative Freedom Caucus in statehouses
- How Jenna Bush Hager juggles 'Today' show, book club: Reading, 'designer coffee,' this ritual
- Rap lyrics can’t be used against artist charged with killing Run-DMC’s Jam Master Jay, judge rules
Recommendation
Biden administration makes final diplomatic push for stability across a turbulent Mideast
NASCAR Cup Series 2024 schedule from The Clash and Daytona 500 to championship race
ChatGPT violated European privacy laws, Italy tells chatbot maker OpenAI
Man accused of dressing as delivery driver, fatally shooting 3 in Minnesota: Reports
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Shannen Doherty gives update, opens up about undergoing 'miracle' breast cancer treatment
Russian billionaire loses art fraud suit against Sotheby’s over $160 million
Celine Dion to Debut Documentary Detailing Rare Stiff Person Syndrome Battle