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Canadian National Railway Company makes new investments in Ontario and Alberta

by Rex Daniel

MONTREAL — Canadian National Railway Company today announced plans to invest approximately $430 million in Ontario and $365 million in Alberta this year.

The Montreal-based company says the investments will focus on technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements.

Transport Minister Omar Alghabra said in a press release that the announcement will help “improve the fluidity of the (Canadian) rail network against unprecedented service disruptions” over the past two years.

CN Rail has invested over $1 billion in Ontario and Alberta over the past five years.

The announcement comes just days after 750 CN workers from across the country, represented by the International Brotherhood of Electrical Workers, took to the picket line. Signal and communications workers are fighting for better wages and benefits.

CN said operations remain uninterrupted as part of its contingency plan. He continues to encourage the union to end the strike through an agreement or binding arbitration.

This report from The Canadian Press was first published on June 22, 2022.

Companies in this story: (TSX:CNR).

The Canadian Press

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