|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's Range||93.55 - 94.48|
|52 Week Range||70.36 - 96.49|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||15.94|
|Forward Dividend & Yield||1.64 (1.73%)|
|1y Target Est||95.01|
CN (CNR.TO) (CNI) is proud to announce today that the last known Centurion tank in Canada to be on the front lines during the Korean War arrived in British Columbia on Sunday, after a journey on CN’s network from Nova Scotia. The Centurion was loaded onto a rail car at the CN Yard in Dartmouth, NS on October 30 and arrived in Surrey, BC on Sunday morning.
THUNDER BAY, Ontario, Nov. 08, 2019 -- CN (TSX: CNR) (NYSE: CNI) is pleased to announce that the repair work on the James Street Swing Bridge is complete and that the bridge.
WINNIPEG, Manitoba, Nov. 05, 2019 -- CN (TSX: CNR) (NYSE: CNI) announced that its Western Canadian grain movements broke another record in the month of October, with shipments.
MONTREAL, Nov. 05, 2019 -- JJ Ruest, President and Chief Executive Officer, Michael Foster, Executive Vice-President and Chief Information Officer, James Cairns, Senior.
Canadian National Railway Co. (TSX:CNR)(NYSE:CNI) offers energy investors another way to play Canadian oil, plus it pays a safe dividend.
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CN (CNR.TO) (CNI) is proud to announce today that it is sponsoring the transportation by rail of the last known Centurion tank in Canada to be on the front lines during the Korean War. The Centurion was loaded onto a rail car at the CN Yard in Dartmouth, NS on Oct. 30 and is scheduled to arrive in British Columbia in the coming weeks. This particular tank had been on display at Cornwallis Park and would have served under the Commonwealth efforts in the Korean conflict and was likely transferred to Canada in 1954.
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MONTREAL — Canadian National Railways conductors, trainpersons and yardpersons have threatened to launch a strike in three weeks after six months of negotiations.The Teamsters Canada Rail Conference disclosed Monday that its 3,000 members voted 99.2 per cent last month in favour of a strike.A strike could begin at 12:01 a.m. on Nov. 19, after the union provides at least 72 hours' notice.The union is trying to put pressure on the Montreal-based railway ahead of a resumption of negotiations with the help of federal mediators on Nov. 12.The workers, who are mostly located in major urban centres across Canada, have been without a contract since July 23.CN Rail lowered its forecasts last week by pointing to a deterioration in North American rail demand and a further slowdown in the economy."CN remains committed to working with the TCRC and is optimistic that an agreement will be reached," said a CN Rail spokesman.This report by The Canadian Press was first published Oct. 28, 2019.Companies in this story: (TSX:CNR) The Canadian Press
Canadian National Railway (USA)(TSX:CNR) third quarter results are yet another sign that a bear market is on the horizon.
Investors wondering the state of the economy can look to the massive railroads such as Canadian National Railway Co (TSX:CNR)(NYSE:CNI) to get an idea of the activity in the economy.
CN (CNR.TO) (CNI) today announced a public debt offering of C$450 million 3.05% Notes due 2050. CN expects to close the offering on Nov. 1, 2019, subject to customary closing conditions. CN plans to use the net proceeds from the offering for general corporate purposes, including the redemption and refinancing of outstanding indebtedness, share repurchases, acquisitions and other business opportunities.
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Higher freight rates and Intermodal revenues boost Canadian National's (CNI) Q3 results. However, the company's dull outlook for 2019 is concerning.
MONTREAL — Canada's largest railroad operator cut its profit outlook for 2019 on Tuesday, saying a weaker economy has eroded rail demand.Canadian National Railway Co. lowered its expectations for adjusted earnings per share to the high single digits, down from predictions of low double-digit growth."While economic weakness and geopolitical issues are creating headwinds, unemployment levels are still at record lows and consumer spending so far remains resilient," said chief financial officer Ghislain Houle.Freight volumes came in below expectations, he added, noting that manufacturing has also fallen off. CN Rail's flat volume beat the third-quarter North American industry average, which saw carloads decrease by 4.5 per cent, said chief executive Jean-Jacques Ruest.“The issue here is more about the broad economic environment than our customers not being able to perform in their space," Ruest said, calling the economy "softer and uncertain."High log prices and dwindling timber supply have prompted announced shutdowns or curtailments in more than two dozen mills in British Columbia, chopping CN Rail's forest product shipments — revenues fell 11 per cent — amid a crisis in the province's industry."That is a structural change in the B.C. forest products industry. That business is not coming back," senior vice-president Keith Reardon said on a conference call.A delayed grain crop is causing further headaches for rail companies as well as elevator operators and farmers following a dry spring and wet summer.CN Rail revenue from grain and fertilizers dropped last quarter along with coal and metals and minerals. But strong crude and container traffic helped offset the falling grain sales to leave profits effectively flat.The Montreal-based company saw net income nudge up about 0.5 per cent year over year to $1.2 billion in the three months ended Sept. 30.Container shipping revenue — which makes up 28 per cent of the company's freight sales — rose 13 per cent to $1.02 billion last quarter, though "trade uncertainties have contributed to lower industry volumes," Reardon said.Reardon pointed to a rise in so-called blank sailings — "where the operator of the vessel is looking to consolidate volumes and maybe stop calling on a particular port, maybe skip a port."Petroleum and chemicals jumped 18 per cent to $788 million.Revenues ramped up four per cent in the third quarter to $3.83 billion compared to the same period in 2018. But CN Rail said higher trucking and repair costs drove up purchased services and material expenses by 14 per cent to $552 million.On an adjusted basis, CN's diluted earnings per share rose to $1.66, up from $1.50. Analysts had expected adjusted diluted earnings per share of $1.62, according to financial markets data firm Refinitiv.The company's board approved a fourth-quarter dividend of 54.75 cents per common share, to be paid on Dec. 30 to shareholders of record at the close of business on Dec. 9. That was a 1.86 per cent increase from 53.75 cents per share.This report by The Canadian Press was first published Oct. 22, 2019.Companies in this story: (TSX:CNR) Christopher Reynolds, The Canadian Press
MONTREAL, Oct. 22, 2019 -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a fourth-quarter 2019 dividend on the Company’s common shares.