11:23:09 EDT Fri 29 May 2026
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Canadian Pacific Kansas City Ltd
Symbol CP
Shares Issued 892,263,897
Close 2026-05-28 C$ 124.86
Market Cap C$ 111,408,070,179
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Globe says CPKC workers' union issues strike notice

2026-05-29 05:38 ET - In the News

The Globe and Mail reports in its Friday, May 29, edition that The union for railway track signal workers at Canadian Pacific Kansas City plans to strike on Sunday morning if contract talks fail. The Globes Eric Reguly writes that negotiations have been ongoing since September, and both parties will continue discussions in Calgary this weekend with the assistance of a federally appointed mediator. Jason Sommer, senior general chairman of the IBEW's rail division, said wages and a high turnover rate are the main hurdles to an agreement. He said, "It's at the point here where we've had to issue our [strike] notice because we need to get the company to seriously engage with us on addressing the employee retention and the compensation packages." Without elaborating, CPKC said it has a backup plan in place should the 300 workers strike, and operations will continue. "We remain committed to bargaining in good faith with IBEW in order to reach a negotiated outcome that is in the best interests of our employees and their families, our customers, and the company," CPKC said in a statement. The strike vote received support from 96 per cent of the membership.

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