FACTBOX: Canadian commodity markets brace for potential railway shutdown

A potential shutdown of Canada’s railways has started to impact commodity prices and trade flows ahead of an Aug. 22 deadline for labor talks. Canadian C5 condensate prices rose to their highest in eight months; wheat trading activity has stalled from the uncertainty; and fertilizer makers are preparing for potentially steep revenue losses. Canadian National Railway and Canadian Pacific Kansas…A potential shutdown of Canada’s railways has started to impact commodity prices and trade flows ahead of an Aug. 22 deadline for labor talks. Canadian C5 condensate prices rose to their highest in eight months; wheat trading activity has stalled from the uncertainty; and fertilizer makers are preparing for potentially steep revenue losses. Canadian National Railway and Canadian Pacific Kansas…Read More