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Canada Rail Strike Ends as CN Rail, Union Get Tentative Deal

(Bloomberg) -- A week-long rail strike that halted shipments of oil, grains and potash across Canada, threatening to take a multibillion-dollar bite out of the economy, is over.The Teamsters Canada Rail Conference union said it reached a tentative deal with Canadian National Railway Co. and normal operations will resume at 6 a.m. on Wednesday. About 3,200 conductors and railyard workers walked off the job Nov. 19 over issues such as working conditions and drug benefits.CN Rail shares rose 0.9% to C$121.97 in Toronto after losing 1.4% during the strike.The deal must now be ratified by Teamsters members via secret-ballot electronic voting, which CN Rail said in a statement it expected to take eight weeks. The union thanked Prime Minister Justin Trudeau for respecting workers’ right to strike.“Previous governments routinely violated workers’ right to strike when it came to the rail industry,” Teamsters Canada President François Laporte, said in a statement Tuesday....