May 16, 2017 / 2:23 PM / a year ago

Canada to keep revenue cap on grain shipments by rail

OTTAWA, May 16 (Reuters) - The Canadian government introduced draft legislation on grain transportation on Tuesday that would keep in place a revenue cap on western grain that railways haul for export.

The grain revenue cap has been in place since 2000 and is intended to balance the market power of the two big railways with that of farmers and grain companies, who in many areas rely on one rail company.

Reporting by David Ljunggren; Editing by Chizu Nomiyama

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