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Teamsters give CP Rail 72-hour strike notice

(Source: CBC News, February 10, 2015) OTTAWA — Teamsters Canada Rail Conference has given Canadian Pacific Railway 72-hour strike notice, meaning 3,300 locomotive engineers, conductors and other train workers could walk off the job midnight on Saturday. Full story:...

How Pershing Square found success at Canadian Pacific

(Source: Financial Post, February 2, 2015) OTTAWA — In 2011, Pershing Square Capital Management, an activist hedge fund founded by William (Bill) Ackman, acquired some 14.2% of Canadian Pacific Railway’s outstanding shares and proceeded to require several changes in...