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Canadian Pacific Railway Ltd(CP-T)

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Stocks in play: Canadian Pacific Railway Limited

Baystreet - Mon Aug 15, 11:49AM CDT

Today announced a new two-year collective agreement with the Teamsters Canada Rail Conference – Train and Engine following binding arbitration. The new agreement includes a 3.5 percent wage increase in 2022 and 2023 and increased benefits. Under the arbitration decision, the TCRC will also join a CP Pension Improvement Account. The new collective agreement runs through 2023. Canadian Pacific Railway Limited shares T.CP are trading up $1.09 at $104.82.

Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.