Global Markets: TD Bank warns 160,000 CDN jobs on the line

By Dave Sims, Commodity News Service Canada

WINNIPEG, June 19 (CNS) – Canadian National Railway is expanding
its network in Saskatchewan. The company is investing over C$200
million in the province to increase capacity and network
resiliency. The expansion will include construction of new
double tracks in key areas and more capacity at the CN’s
Melville Yard. Some rail-lines will also be rebuilt and
maintenance work will be performed on bridges.

TD Bank is issuing a dire warning about the potential imposition

of trade tariffs on Canadian cars and parts. The Canadian bank
said Monday the economic impact of such a move by the United
States could cost Canada up to 160,000 jobs. Ontario would be
particularly affected by the move as 40 per cent of the
province’s exports are manufactured parts.

WestJet is preparing to unveil its new low-cost airline. Swoop
will fly from Hamilton to Abbotsford Wednesday morning. Swoop is
just the first of a series of discount airlines that are
expected to start up in Canada soon. The company will start with
two planes and fly out of Toronto, Winnipeg, Edmonton, Halifax
and Abbotsford.

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