CP.TO - Canadian Pacific Railway Limited

Toronto - Toronto Delayed Price. Currency in CAD
285.35
+0.61 (+0.21%)
At close: 4:00PM EDT
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Previous Close284.74
Open286.71
Bid285.00 x 0
Ask286.76 x 0
Day's Range284.60 - 289.04
52 Week Range228.35 - 323.71
Volume314,134
Avg. Volume297,150
Market Cap39.543B
Beta (3Y Monthly)1.15
PE Ratio (TTM)17.36
EPS (TTM)16.43
Earnings DateOct. 23, 2019
Forward Dividend & Yield3.32 (1.17%)
Ex-Dividend Date2019-09-26
1y Target Est312.95
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  • CNW Group

    CP to report third-quarter 2019 earnings results on October 23, 2019

    CALGARY , Sept. 27, 2019 /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP) will release its third-quarter 2019 financial and operating results after the market close on Oct. 23, 2019 . CP will discuss its ...

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  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,784.29, down 14.04 points).Encana Corp. (TSX:ECA). Energy. Down four cents, or 0.64 per cent, to $6.21 on 6.3 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up four cents, or 0.64 per cent, to $6.33 on 6.2 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Down seven cents, or 1.18 per cent, to $5.88 on 5.9 million shares.BlackBerry Ltd. (TSX:BB). Technology. Down 32 cents, or 4.17 per cent, to $7.36 on 5.6 million shares.Toronto-Dominion Bank (TSX:TD). Financials. Down five cents, or 0.07 per cent, to $76.05 on 5.4 million shares.Vermilion Energy Inc. (TSX:VET). Energy. Up 19 cents, or 0.85 per cent, to $22.64 on 5.2 million shares. Companies in the news:Canadian Pacific Railway Ltd. (TSX:CP). Down $8.29 or 2.76 per cent to $292.12. A delayed grain crop is causing headaches for railways, elevator operators and farmers following a dry spring and wet summer. Grain carloads at the two major Canadian rail companies are down 11 per cent so far in the quarter ending Sept. 30. John Brooks, head of marketing at Canadian Pacific Railway Ltd. — where grain revenues make up nearly one-third of annual revenues — told an investor conference that harvests are up to 30 per cent below the average this time of year but that he remains "bullish" on pushing the product to market over the next few months.Rogers Communications. (TSX:RCI.B). Down 36 cents to $66.21. The international research firm Opensignal reports that rural parts of Canada get much slower wireless services than in cities — but they're still faster than rural parts of the United States and many other countries. The Opensignal report comes as Canada's wireless industry comes under fire from politicians and consumer groups that allege the country has among the developed world's highest prices for mobile services. The carriers often counter that their investments have put Canada's wireless services ahead of almost all other developed countries according to independent research done by various international research firms. This report by The Canadian Press was first published Sept. 25, 2019.The Canadian Press

  • U.S.-China trade war hurting Canada's largest railway, says CN executive
    The Canadian Press

    U.S.-China trade war hurting Canada's largest railway, says CN executive

    MONTREAL — A slumping global economy and the U.S.-China trade war are hurting freight volumes and revenue, says Canadian National Railway Co.'s chief financial officer."Our volumes are much weaker than expected. This is not a CN phenomenon, this is an industry phenomenon," Ghislain Houle told a CIBC investor conference in Montreal Wednesday.Unemployment in North America remains near record lows, Houle noted. "However I would say that most, if not everybody, would agree that we're at the end of an expansion cycle."The increasingly rocky relations between China and the U.S. have seen the White House levy tariffs on hundreds of billions of dollars' worth of Chinese products, with Beijing targeting more than 5,000 American goods in retaliation."People think that if these tariffs remain that now companies will start pushing those tariffs to the consumer and that could impact consumption," Houle said.He also pointed to a sharp drop in U.S. manufacturing output."At this point we're not assuming a recession, but God knows,” Houle said.Revenue tonne miles, a key industry metric, were "flattish, maybe negative one per cent," for the quarter ending Sept. 30 compared with the same period last year, Houle said. The expectation was six per cent growth, according to analyst Walter Spracklin of Dominion Securities Inc.Canadian Pacific Railway Ltd. saw a comparable shortfall, Spracklin said in an investor note earlier this month.Disappointing lumber, coal and crude volumes have dented revenues, Houle said, citing high stumpage fees in B.C., low commodity prices and oil production curtailment in Alberta, respectively.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.Grain carloads at the two major Canadian railways are down 11 per cent so far in the quarter compared to the same period last year.John Brooks, head of marketing at Canadian Pacific Railway Ltd. — a company for which agricultural revenues make up nearly one-third of annual revenues — told the conference that harvests are up to 30 per cent below the average for this time of year but that he remains "bullish" on pushing the product to market over the next 12 months.The federal Agriculture Department forecasts the Canadian grain crop will exceed 86.7 million tonnes in 2019-20, nudging up one per cent from last year."The crop size is big... and you've got a fair carry-in from the last crop year," Brooks said, framing the harvest crunch as a "timing issue... All this does is increase the pressure and condense the peak season."The late harvest won't help CN Rail over the balance of the year but the railway will likely be shipping grain into July rather than stopping in May, as it typically does, said Houle.Crop quality is another hurdle.The wet Prairie weather will likely produce a crop with more mildew, sprout damage and frost, said Wade Sobkowich, head of the Western Grain Elevator Association. Worse product means lower prices, affecting all players along the supply chain."It's going to be a challenging year from a quality perspective," Sobkowich said.Even if the bulk of the high-volume harvest is salvageable, much of it may wind up in barn troughs and pig pens as feed grain — lower-grade grain that sells for less."Our biggest concern is to try and get this crop off the field. We really need the weather to co-operate and it hasn't been," he said. "We really empathize with farmers right now. We know their huge amounts of stress.” This report by The Canadian Press was first published Sept. 25, 2019.Companies in this story: (TSX:CNR, TSX:CP)Christopher Reynolds, The Canadian Press

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  • CNW Group

    CP's Executive Vice-President and Chief Marketing Officer to address the CIBC 18th Annual Eastern Institutional Investor Conference on Sept. 25, 2019

    CALGARY , Sept. 20, 2019 /CNW/ - Canadian Pacific's (TSX: CP) (NYSE: CP) Executive Vice-President and Chief Marketing Officer, Mr. John Brooks , will address the CIBC 18th Annual Eastern Institutional ...

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  • India Is Planning a Huge China-Style Facial Recognition Program
    Bloomberg

    India Is Planning a Huge China-Style Facial Recognition Program

    (Bloomberg) -- India is planning to set up one of the world’s largest facial recognition systems, potentially a lucrative opportunity for surveillance companies and a nightmare for privacy advocates who fear it will lead to a Chinese-style Orwellian state.Prime Minister Narendra Modi’s government will open bids next month to build a system to centralize facial recognition data captured through surveillance cameras across India. It would link up with databases containing records for everything from passports to fingerprints to help India’s depleted police force identify criminals, missing persons and dead bodies.The government says the move is designed to help one of the world’s most understaffed police forces, which has one officer for every 724 citizens -- well below global norms. It also could be a boon for companies: TechSci Research estimates India’s facial recognition market will grow sixfold by 2024 to $4.3 billion, nearly on par with China.But the project is also ringing alarm bells in a nation with no data privacy laws and a government that just shut down the internet for the last seven weeks in the key state of Kashmir to prevent unrest. While India is still far from implementing a system that matches China’s ability to use technology to control the population, the lack of proper safeguards opens the door for abuses.“We’re the only functional democracy which will set up such as system without any data protection or privacy laws,” said Apar Gupta, a Delhi-based lawyer and executive director of the Internet Freedom Foundation, a non-profit group whose members successfully lobbied the government in 2015 to ensure net neutrality and reject platforms like Facebook Inc.’s Free Basics. “It’s like a gold rush for companies seeking large unprotected databases.”Black MarketA draft data protection bill presented to the government last year still hasn’t been approved by the cabinet or introduced into parliament. The country has already had problems implementing Aadhaar, one of the world’s biggest biometric databases linking everything from bank accounts to income tax filings, which been plagued by reports of data leaks and the growth of a black market for personal information.So far, not much is known about which companies might bid on the facial-recognition system. Minutes of a meeting with potential bidders, obtained by the Internet Freedom Foundation through a right to information request, showed unidentified companies sought clarifications on integrating facial recognition data with state databases and whether it should be able to identify people with plastic surgery.Vasudha Gupta, a spokeswoman for the Home Ministry, didn’t respond to an email seeking comments about the system.For some in the police force, the system will be an essential tool to fight crime if implemented properly. India has seen more than 100 terrorist attacks in the last three decades, including one on luxury hotels and a train station in Mumbai that killed 166 people in 2008.‘Powerful Tool’Nilabh Kishore, who headed a unit fighting organized crime in the state of Punjab until last year, had success against gangsters after he set up a system linking data from police stations across the state.“A system that can identify criminals is invaluable -- facial recognition is a powerful tool,” said Kishore, who is now deputy inspector general of the Indo-Tibetan Border Police. “But human intentions are also very important. You can make the best of technology, but if human intentions are wrong it can be a tool for misuse.”That’s particularly a worry for vulnerable minority groups that have long faced discrimination in India. Lower castes and tribals account for about a quarter of the population but constitute 34% of India’s prisoners, according to the National Dalit Movement for Justice.In January, the Delhi High Court said it was “unacceptable“ that facial recognition had not helped trace any of the 5,000 children missing from the city in three years. Earlier this month, photos and phone numbers from a Madurai city police facial recognition database in the southern state of Tamil Nadu were leaked online.Surveillance ThreatThe threat of foreign spying is also persistent. Last month a federal government think tank criticized the local administration in Delhi for hiring the Indian arm of Chinese firm Hikvision to set up 150,000 CCTVs, saying the move could spur illegal hacking and data leaks to the Chinese government.Foreign surveillance companies operating in India include CP Plus, Dahua, Panasonic Corp., Bosch Security Systems, Honeywell International Inc., and D-Link India Ltd. Many Indian companies won’t be able to bid on the facial-recognition system because the current tender requires them to meet standards established by the U.S. National Institute of Science and Technology, according to Atul Rai, chief executive officer of Staqu Technologies, an Indian startup.Rai, whose company has developed facial recognition for eight local police forces, said India doesn’t have the same quality cameras as China -- making it harder to meet the goal of being able to identify any person with an integrated system. He also said it would be more difficult to implement a national network in India because state governments are responsible for law and order under its constitution.“But if this one happens in line with the government’s plan, it should be a China-like system,” Rai said. “Any powerful country wants to be like China when it comes to using technology to monitor people -- even western countries.”\--With assistance from Santosh Kumar.To contact the reporter on this story: Archana Chaudhary in New Delhi at achaudhary2@bloomberg.netTo contact the editor responsible for this story: Ruth Pollard at rpollard2@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CP awards 2018-2019 Elevator of the Year to G3 Pasqua
    CNW Group

    CP awards 2018-2019 Elevator of the Year to G3 Pasqua

    PASQUA, SK , Sept. 18, 2019 /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP) today presented G3 Pasqua with the 2018-2019 crop-year Elevator of the Year award. CP presents this award annually to the grain ...

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  • CNW Group

    CP's President and CEO to address the Morgan Stanley 7th Annual Laguna Conference on Sept. 11, 2019

    CALGARY , Aug. 28, 2019 /CNW/ - Canadian Pacific's (TSX: CP) (NYSE: CP) President and Chief Executive Officer, Mr. Keith Creel , will address the Morgan Stanley 7th Annual Laguna Conference on Sept. 11, ...