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Canadian Pacific Rises on Deal With Union to End Strike

Workers demonstrate during a Canadian Pacific Railway strike in Calgary, Alberta, Canada, on Sunday. 

Workers demonstrate during a Canadian Pacific Railway strike in Calgary, Alberta, Canada, on Sunday. 

Photographer: Gavin John/Bloomberg
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Canadian Pacific Railway Ltd. jumped as much as 2.1% after it agreed to work with an arbitrator on a contract for 3,000 workers, ending a two-day work stoppage. 

“This agreement enables us to return to work effective noon Tuesday local time to resume our essential services for our customers and the North American supply chain,” Chief Executive Officer Keith Creel said in a statement early Tuesday. Canadian Pacific was up 1.9% to C$103.09 as of 11:44 a.m. in Toronto.