Mining Group Sounds Alarm in Canadian Railway Legislation Fight
- Bill amending transport ownership rules headed back to Senate
- Top miners say it sends ‘damaging signal’ to global customers
Photographer: Brent Lewin/Bloomberg
This article is for subscribers only.
A proposed law raising foreign ownership limits in airlines and Canada’s biggest railway carrier is headed back to the Senate, the latest step in a tug-of-war that has the mining sector speaking out.
Prime Minister Justin Trudeau’s government has spent the past year plodding forward with a legislative overhaul that affects major companies like Canadian National Railway Co., Canadian Pacific Railway Ltd., Air Canada and WestJet Airlines Ltd. Senators changed the bill a month ago, giving shippers like farmers and mines more power in disputes with railways.