Railway work stoppage to weigh on GDP, put pressure on inflation: economists | Canada News Media
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Railway work stoppage to weigh on GDP, put pressure on inflation: economists

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TORONTO – Economists say the work stoppage that began last night at Canada’s two major railways will have a significant effect on the country’s economy.

Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. locked out their workers after talks broke down with the union, bringing freight trains across the country to a halt.

CIBC senior economist Andrew Grantham wrote in a note that a one-week lockout would lower third quarter annualized GDP by about 0.4 percentage points.

The impact would more than double if the dispute stretches to two weeks because more sectors will be forced to curtail production.

Grantham says the work stoppage will also likely put some pressure on inflation, given that shipments of fresh and frozen foods were already halted leading up to the lockout. However, he says the upward effect on inflation would be much smaller than the downward effect on GDP.

BMO economists Robert Kavcic and Shelly Kaushik wrote in a note that, historically, these kinds of disruptions have ended relatively quickly through back-to-work legislation, but the economic impact mounts with each passing day.

This report by The Canadian Press was first published Aug. 22, 2024.

Companies in this story: (TSX:CNR, TSX:CP)

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Injury-plagued season continues for Jays’ Bichette, now out with fractured finger

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Toronto Blue Jays shortstop Bo Bichette returned to the 10-day injured list Thursday due to a right middle finger fracture.

The move, retroactive to Wednesday, essentially ends an injury-plagued season for Bichette.

He had two hits and one RBI in a 13-8 loss to Texas on Tuesday in his return from a 52-game stint on the IL with a right calf strain.

Bichette also missed nine games due to the calf issue in June.

His latest injury was suffered Wednesday during infield practice. Bichette was a late scratch in a 2-0 loss to the Rangers.

Bichette hit four homers with 31 RBIs in 81 games this season. He posted a .225 batting average and a .322 slugging percentage.

The Blue Jays also recalled outfielder Jonatan Clase from Triple-A Buffalo. He was active for the series finale against the Rangers on Thursday afternoon, the team said.

This report by The Canadian Press was first published Sept. 19, 2024.

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Drake London’s shooting celebration violated longstanding NFL rules against violent gestures

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Falcons wide receiver Drake London was penalized after catching a touchdown pass in the final minute of Atlanta’s 22-21 victory in Philadelphia on Monday night for pretending to shoot in the air, a violation of a longstanding NFL rule that prohibits violent gestures.

London immediately apologized on the sideline, according to Falcons coach Raheem Morris, and did it publicly on Wednesday.

“There’s a lot of stuff going around in the world with gun violence that I don’t think I should have displayed there,” London told reporters. “So, I’m not too happy with it, and (you) probably won’t see that again from me.”

The NFL has strict rules for celebrations and players are reminded annually that violations will result in unsportsmanlike penalties.

London’s 7-yard TD catch on a pass from Kirk Cousins tied the score at 21-21. His penalty pushed the extra point back 15 yards but Younghoe Koo made it from 48 yards out to give Atlanta a lead and Jessie Bates intercepted Jalen Hurts’ pass on the ensuing drive to seal the victory.

“We approach player celebrations as expressions of exuberance that are part of the excitement of the game. Rules were modified in 2017 that permitted group celebrations, including choregraphed demonstrations. Offensive demonstrations, celebrations that are prolonged and delay the game, and those directed at an opponent are still penalized,” NFL spokesman Brian McCarthy said in a statement. “Players are reminded annually and it’s part of the player manual that demonstrations that constitute taunting or unsportsmanlike conduct, or delays the game, will result in a foul against his team.

“Also prohibited acts that occur anywhere on the field or sideline include longtime prohibitions against throat slash; machine gun salute; sexually suggestive gestures; or stomping or demonstrations on a team logo.”

London’s celebration came 12 days after four people were killed in a shooting at Apalachee High School near Winder, Georgia. The Falcons hosted the school’s football team at their practice facility last week.

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Motorcycle rider dead in crash that closes Highway 1 outside Langley, B.C.

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LANGLEY, B.C. – Police in Langley, B.C., say one person is dead in an early morning crash between a car and a motorcycle on Highway 1.

Mounties say their initial investigation indicates both vehicles were travelling east when they collided shortly before 4:20 a.m. near 240 Street on the highway.

The motorcycle rider died from their injuries.

The eastbound lanes of the highway remain closed between 232 and 264 streets.

RCMP say their integrated collision analysis reconstruction team was at the scene.

The Mounties are asking anyone who witnessed the crash or who may have dash-camera footage from the area to call them.

This report by The Canadian Press was first published Sept. 19, 2024.

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