OTTAWA (dpa-AFX) - Canadian Pacific Kansas City (CP, CP.TO) announced that the International Brotherhood of Electrical Workers Canadian Signals and Communications System Council No. 11 (IBEW) has agreed to enter into binding arbitration, bringing the strike initiated on May 31 to an end.
The IBEW represents approximately 300 Signals & Communications employees across Canada. Employees are scheduled to return to work beginning Monday morning, August 24.
CP closed Friday's regular trading at $96.69 up $1.86 or 1.96%.
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