CP.TO - Canadian Pacific Railway Limited

Toronto - Toronto Delayed Price. Currency in CAD
343.48
+1.42 (+0.42%)
At close: 4:00PM EST
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Previous Close342.06
Open342.93
Bid343.25 x 0
Ask343.47 x 0
Day's Range341.08 - 346.15
52 Week Range259.99 - 349.53
Volume252,834
Avg. Volume303,373
Market Cap47.114B
Beta (5Y Monthly)1.30
PE Ratio (TTM)20.78
EPS (TTM)16.53
Earnings DateJan. 28, 2020
Forward Dividend & Yield3.32 (0.97%)
Ex-Dividend DateDec. 23, 2019
1y Target Est312.95
  • CNW Group

    CP corrects inaccuracies in CBC reporting of Field, B.C. derailment

    "As presented by the CBC this statement is both false and misleading," said Keith Creel , CP's President and CEO. The RCMP can investigate whatever it sees fit in Canada , and they have been involved from the very beginning. As I said to CBC previously, we are open and willing to discuss anything with the RCMP, the TSB and all other agencies involved.

  • TFSA Investors: Avoid These 3 Assets to Maximize Your Return Potential
    The Motley Fool

    TFSA Investors: Avoid These 3 Assets to Maximize Your Return Potential

    It's paramount investors understand what investments can be held in a TFSA and what can't. Investors should avoid investing in these three assets to use the TFSA to its full potential.

  • Bloomberg

    Thai Tycoons May Find Tesco Is Closed

    (Bloomberg Opinion) -- Bangkok’s billionaires don’t usually have to contend with much resistance as they expand. Tesco Plc’s sale of its Southeast Asian supermarkets may be about to change that.The $32 billion British retailer said in December it was considering selling the group’s stores in Thailand and Malaysia, becoming the latest international grocery giant to bow out of Asia. First-round bids for the asset, estimated to be worth between $7 billion and $9 billion, are due this week. Suitors are likely to be drawn from local conglomerates, among them: Dhanin Chearavanont’s CP Group; Central Group, controlled by the Chirathivat family; and beer-and-spirits magnate Charoen Sirivadhanabhakdi's TCC Group.So far, so normal for tycoon-heavy Thailand. Perhaps not. Last month, the Office of Trade Competition Commission, or OTCC, threw a wrench in the gears, signaling before offers even materialized that it would review the deal and could rule against any combination that grabbed too much of the market.Thailand’s government has revamped the antitrust authority since 2017, turning it from a dormant and toothless appendage of the Ministry of Commerce into an impartial agency with an independent workforce. Taking a tough stance could burnish the pro-military administration’s consumer-protection credentials, as it battles a slowing economy and the country’s worst drought in decades.Added to that, this is the the first high-profile, consumer-facing case that the new-look OTCC has handled. It’s also, potentially, one of the largest-ever acquisitions by a Thai group, and among the largest deals in Asia this year. That all but sets up a tussle with some of the most powerful patriarchs in Thai business.In theory, problems arise when a company has a market share of 50% or more. The trouble here, as in every antitrust debate, is deciding what counts as a market.Tesco, under the Tesco Lotus brand, is already Thailand’s biggest supermarket chain with almost 2,000 stores, plus 74 in Malaysia. So, do convenience stores, like CP’s 7-Eleven outlets, count as part of the same market? By the broadest definition, CP touches the vast majority of Thailand’s food chain. What about duty-free, should a last-minute bid come from King Power Group, run by the billionaire Srivaddhanaprabha family that owns Leicester City Football Club? Central Group, meanwhile, has 200 supermarkets, and TCC owns Big C hypermarkets.All of that suggests plenty of wrangling ahead. Worse, Thailand now has a two-stage reporting structure: Unusually by global standards, would-be merger partners may have to report both ahead of and on completion of any deal that creates a dominant player. That means passing the first hurdle doesn’t guarantee a bidder will clear the second.In the end, asset sales may be the most palatable solution, should a big retailer win the contest. Antitrust bosses, still early in their tenure, may be reluctant to irk too many big names. Chinese regulators ruffled plenty of feathers when the Beijing-based Ministry of Commerce vetoed Coca-Cola Co.’s acquisition of a Chinese juice maker in 2009. And Thailand, with its unimpressive economy, badly needs investment.Still, supermarkets are a sensitive and unpredictable area for antitrust authorities, with their focus on safeguarding consumers. Britain’s Competition and Markets Authority, after all, last year stopped J Sainsbury Plc from buying Walmart Inc.’s Asda to create the country’s largest supermarket chain. This could turn into quite a food fight. To contact the author of this story: Clara Ferreira Marques at cferreirama@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Clara Ferreira Marques is a Bloomberg Opinion columnist covering commodities and environmental, social and governance issues. Previously, she was an associate editor for Reuters Breakingviews, and editor and correspondent for Reuters in Singapore, India, the U.K., Italy and Russia.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • CNW Group

    CP's Executive Vice-President and Chief Financial Officer to address the CIBC 23rd Annual Western Institutional Investor Conference on Jan. 30, 2020

    CP's Executive Vice-President and Chief Financial Officer to address the CIBC 23rd Annual Western Institutional Investor Conference on Jan. 30, 2020

  • CNW Group

    CP to report fourth-quarter 2019 earnings results on January 29, 2020

    CALGARY , Jan. 9, 2020 /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP) will release its fourth-quarter 2019 financial and operating results at 8 a.m. eastern time ( 6 a.m. mountain time ) on Jan. 29, 2020 ...

  • CP and CN Rail move record 15.4 million tonnes grain in fourth quarter
    The Canadian Press

    CP and CN Rail move record 15.4 million tonnes grain in fourth quarter

    CALGARY — Canada's two largest railways moved a record 15.4 million tonnes of grain in the final three months of 2019.Calgary-based Canadian Pacific set a new quarterly record by moving 7.9 million tonnes of grain and grain products. That's up from 7.5 million tonnes a year earlier and 100,000 tonnes more than Canadian National Railway's shipment record in the fourth quarter of 2018.Montreal-based CN says it moved 7.5 million tonnes over the last three months. That included an all-time monthly record of 2.79 million tonnes in October and the second best December on record despite a work stoppage.CP Rail says it set a company monthly record in November by moving 2.74 million tonnes, while October was its second-best month at 2.66 million tonnes and it had its best December with 2.5 million tonnes.As of Dec. 31, CP Rail moved 12.17 million tonnes of grain for the 2019-2020 crop year, up 2.1 per cent from the prior year.The 2019 calendar year, which includes two crop years, CP Rail moved a record 27 million tonnes of grain, while CN moved 26.6 million tonnes, compared with 26.8 million set in 2018.Canada's second-largest railway had more than 2,170 new high-capacity hopper cars that can carry 44 per cent more grain and plans to have 3,300 by the end of 2020. The company plans to spend about $500 million on acquiring 5,900 new hopper cars over four years."2019 has been a banner year for CP and the Canadian grain supply chain despite the challenging economic and environmental conditions," said Joan Hardy, CP's vice-president sales and marketing, grain and fertilizers.This report by The Canadian Press was first published Jan. 6, 2020.Companies in this story: (TSX:CP, TSX:CNR)The Canadian Press

  • CNW Group

    Canadian Pacific sets record quarter for Canadian grain movements

    CALGARY , Jan. 6, 2020 /CNW/ - Canadian Pacific (CP) (CP) moved more Canadian grain and grain products in 2019's final quarter than any prior quarter in the company's history. "2019 has been a banner year for CP and the Canadian grain supply chain despite the challenging economic and environmental conditions," said Joan Hardy , CP's Vice-President Sales and Marketing, Grain and Fertilizers. CP now has more than 2,170 new high-capacity hopper cars in its fleet and plans to have 3,300 cars by the end of 2020.

  • My #1 Monopoly Stock to Buy for New Year 2020
    The Motley Fool

    My #1 Monopoly Stock to Buy for New Year 2020

    Put the TMX Group Inc (TSX:X) on your list as the number one monopoly stock to buy in 2020 along with these two stocks to outperform the S&P/TSX Composite.

  • Baystreet

    Stocks in play: Canadian Pacific Railway

    Has closed the transaction related to the acquisition of the Central Maine & Quebec Railway ("CMQ"). ...

  • Is Canadian Pacific Railway Limited's (TSE:CP) CEO Salary Justified?
    Simply Wall St.

    Is Canadian Pacific Railway Limited's (TSE:CP) CEO Salary Justified?

    Keith Creel became the CEO of Canadian Pacific Railway Limited (TSE:CP) in 2017. First, this article will compare CEO...

  • CNW Group

    CP completes Central Maine & Quebec Railway acquisition

    CALGARY , Dec. 30, 2019 /CNW/ - Canadian Pacific (CP) (CP) has closed the transaction related to the acquisition of the Central Maine & Quebec Railway ("CMQ"). The acquisition of CMQ in the U.S. remains subject to Surface Transportation Board approval. The acquisition, first announced on November 20, 2019 , will provide CP customers with seamless, safe and efficient access to ports at Searsport, Maine and to Saint John, New Brunswick , via Eastern Maine Railway Company (EMRY) and New Brunswick Southern Railway (NBSR), thereby preserving and enhancing competition.

  • CNW Group

    CP releases Sustainably Driven, its 2018 corporate sustainability report and new framework for long-term, sustainable growth

    CALGARY, Dec. 23, 2019 /CNW/ - (TSX:CP - News) (NYSE:CP - News) today announced the release of Sustainably Driven, its 2018 corporate sustainability report and new framework for sustainability reporting, highlighting the company's successes and achievements in the areas of safety, operational excellence and social impact. Developed based on a comprehensive stakeholder materiality assessment conducted by CP in 2018, Sustainably Driven articulates the company's commitment to aligning business practices with clear sustainability goals and objectives. "Sustainably Driven further solidifies our commitment to incorporating sustainability in all aspects of our business," said Keith Creel, CP President and Chief Executive Officer.

  • CNW Group

    CP announces TSX acceptance of new share repurchase program

    CALGARY, Dec. 17, 2019 /CNW/ - Canadian Pacific (TSX:CP - News) (NYSE:CP - News) today announced that the Toronto Stock Exchange ("TSX") has accepted its notice to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 4,800,862 common shares or approximately 3.5 percent of CP's common shares issued and outstanding as at December 9, 2019. The NCIB is scheduled to commence on December 20, 2019 and is due to terminate on December 19, 2020. "This new share buyback program reinforces our confidence in the continued growth prospects of the company," said CP President and CEO Keith Creel.

  • Baystreet

    Stantec at 52-Week on Highs

    Stantec Inc. (T.STN) hit a new 52-week high of $36.83 Tuesday. The City of Baton Rouge, Louisiana has ...