One of Canada's two biggest freight railroad operators ended its lockout of unionized workers while the other prepared to resume operations after Ottawa ordered an end to their stoppages, which threatened trade with the U.S. and the national economy.

Canadian National Railway (CNI) said it ended its employee lockout effective at 6 p.m. ET Thursday, while Canadian Pacific Kansas City (CP) said it is "preparing to restart railway operations." Shares of both comp꧋anies edged higher in premark🌠et trading Friday.

The two had locked out nearly 10,000 workers just after midnight Thursday after 澳洲幸运5官方开奖结果体彩网:unsuccessful negotiations with the Teamsters Canada union.

Canadian Industrial Relations 💛Board Ordered To Impose Binding Arbitration

The Canadian government ordered the end to the lockouts after less than a day. Canadian Labor Minister Steve MacKinnon noted that the two sides were at an "impasse" as he ordered the Canadian Industrial Relations Board to impose the binding arbitration and end the shutdown.

But he said given how critical trade is for the country, "it is the government's duty and responsibility to ensure industrial peace in this critically vital sector."

Canada's economy is 澳洲幸运5官方开奖结果体彩网:highly dependent on international trade, which makes up about two-thirds of GDP. The U.S. is by far its largest export market.