CALGARY - Canadian Pacific Railway Ltd. (TSX:CP) and the union representing some 135 rail traffic controllers said Tuesday the workers have ratified a new contract.
The six-year agreement that begins Jan. 1, 2015 includes a general wage increase of three per cent per year and other adjustments.
The railway and the Teamsters Canada Rail Conference-Rail Canada Traffic Controllers union said the contract was ratified with 94 per cent who voted in favour.
CP Rail said it was the fifth long-term contract between the railway and its Canadian unions.
The railway said it has two other contracts open to negotiation: its mechanical employees represented by Unifor, and its train and engine workers represented by the Teamsters.