CALGARY, Nov. 18 /CNW/ - Canadian Pacific Railway Limited (TSX/NYSE: CP)
and the Teamsters Canada Rail Conference (TCRC), representing 4,500 locomotive
engineers and conductors, have entered into a no strike/no lockout agreement
while the parties discuss the next steps given that, by a narrow margin, the
union did not ratify the Memorandum of Settlement between CP and the TCRC-RTE.
The parties are in continuing discussions as they both assess the
situation and have agreed to meet this week to explore opportunities to reach
a mutually acceptable agreement.
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