Toronto, March 8, 2022
The Teamsters Canada Rail Conference (TCRC), who represents approximately 3,000 Canadian Pacific's (CP) locomotive engineers and conductors, has voted to authorize strike action. A strike may occur as early as March 16, 2022. At this point CP and the TCRC are working to avoid any disruptions, with scheduled talks between both parties and federal mediators to be held between March 11 and March 16.
The key issue at the bargaining table is the TCRC leadership's demand to increase pension caps that were implemented in 2012 to put CP's Defined Benefit Pension Plan on a secure, sustainable footing. A work stoppage of any duration at CP will impact virtually all commodities within the Canadian supply chain, thereby crippling the performance of Canada's trade-dependent economy. The consequences of a work stoppage will be felt long after workers return to work and service resumes.
We will continue to monitor this situation and advise accordingly.
For more information, please call David Lychek, Director – Ocean & Air Services at (905) 882-4880, ext. 1207.