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CN announces labour news, hits 52-week high

Canadian National Railway Company (T.CNR) hit a new 52-week high of $59.90; CN announces that it received yesterday, and will begin implementing, Arbitrator Andrew Sims' arbitration ruling setting the terms and conditions of a new three-year collective agreement between CN and the Teamsters Canada Rail Conference (TCRC), representing 1,700 locomotive engineers in Canada.

The decision, whose terms are retroactive to January 1, 2009, expires on Dec. 31, 2011. It provides a 1.8% wage increase in 2009, 2.4% in 2010, and 2.6% in 2011, as well as dental plan benefit improvements that come into effect on April 1, 2010.

Western Financial Group Inc. (T.WES) hit a new 52-week high of $3.50; no news announcements today

Mantra Resources Limited (T.MRL) hit a new 52-week high of $5.75; no news announcements today

Student Transportation Inc. (T.STB) hit a new 52-week high of $5.12; no news announcements today

Power Financial Corporation (T.PWF) hit a new 52-week high of $33.09; no news announcements today

Brookfield Properties Corporation (T.BPO) hit a new 52-week high of $15.50; no news announcements today

Paladin Labs Inc. (T.PLB) hit a new 52-week high of $22.40; no news announcements today

BMTC Group Inc. (T.GBT.A) hit a new 52-week high of $37.97; no news announcements today

Cline Mining Corporation (T.CMK) hit a new 52-week high of $1.32; no news announcements today

Genesis Land Development Corp. (T.GDC) hit a new 52-week high of $3.65; no news announcements today