Canada’s economy could see a billion dollar hit daily if a railway strike by Canadian National and Canadian Pacific Kansas City isn’t resolved.

Currently, government intervention isn’t in the cards, but organizations like the Canadian Federation of Independent Business are concerned about the impact to small businesses.

Here, Tyler Slobogian with the CFIB explains.

"“Small businesses across the country have really relied on rail services for the timely delivery of goods, raw materials and essential products so a complete shut down will disrupt supply chains and potentially lead to inventory shortages, missed opportunities and ultimately lost revenue for small businesses.”

Slobogian says small businesses already operate on a small margin and it wouldn’t take much to push them into closing their doors permanently in the case of a prolonged rail strike.

A number of business sectors had already stopped or scaled back shipping items by rail in anticipation of a strike.

It’s believed that for every one day of disruption, there will be at least 3-5 days of recovery.