August 6, 2024 – CPKC participated on Monday in a meeting with the Teamsters Canada Rail Conference (TCRC), Labour Minister Steven MacKinnon and Transport Minister Pablo Rodriguez, regarding the status of bargaining between CPKC and the TCRC. CPKC highlighted its strong desire to avoid a work stoppage on its Canadian rail network, which would be damaging to the interests of all stakeholders. The railway reviewed its offers proposed to the TCRC to date and noted its desire to continue negotiations in good faith. It committed to meeting with the TCRC this week to continue bargaining and remains hopeful that renewed agreements can be reached. CPKC also reiterated its standing offer to resolve this matter through binding arbitration should negotiations be unsuccessful. The Canada Industrial Relations Board (CIRB) intends to issue a decision on the Ministerial Referral regarding the maintenance of activities during a potential railway work stoppage by Friday, August 9. A work stoppage cannot occur until the CIRB issues its decision, subject to any potential extension of the cooling-off period ordered by the CIRB and provided a minimum of 72-hours’ notice is given, as required by the Canada Labour Code.