“The impacts of a one day strike will be manageable for Canada’s mining sector and intervention by the federal government in support of quick resolution avoids harm to Canada’s reputation as a reliable exporter,” said Pierre Gratton, MAC's President and CEO.
A protracted labour dispute would have led to painful rail service disruptions for Canadian mining companies and damaged Canada’s reputation as a reliable trading partner, and the national economy.
According to MAC’s latest Facts & Figures report, the Canadian mining industry accounts for over 50% of the freight revenues of Canada’s rail system yearly. The industry is also a key economic driver for the country having contributed CAN$58 billion to Canada’s GDP, employed directly and indirectly 596 000 workers, and accounted for 19% (>$88 billion) of the total overall value of Canada’s exports.
