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Drop in imports and exports in November occurred as Canadian National network’s capacity declined by 90% amid an eight-day rail worker strike.
The strike by Canadian National (NYSE: CNI) rail workers helped bring down Canada’s trade volumes during November, Statistics Canada reported.
The eight-day disruption across Canada’s largest rail network coincided with 1.4% decline in exports to C$48.7 billion and 2.4% drop in imports to C$49.8 billion, Statistics Canada said in its monthly international merchandise trade report Jan. 7.
The largest drops in exports came from metal ores and minerals (18.3%), forestry products (10.1%) and energy products (7.7%). Click here to see the entire article