Unifor And CP Ratify Four-year Deal

Canadian Pacific Railway Limited (CP, CP.TO) and Unifor have ratified a new four-year agreement.

"Ratifying this agreement, especially in time for the New Year, is a positive step for our mechanical employees, our 13,000-strong CP family, customers and the broader economy," said Keith Creel, CP's President and CEO.

Unifor represents approximately 1,200 of CP's mechanical employees who are responsible for maintaining rail cars and locomotives. The current collective agreement was set to expire on December 31, 2018.

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