Q: Hi Peter, why the sell of on the rails - in particular to CN and CP. Was there any news that affected them directly. Also would you consider them a buy and if so which one would you add. Can you also speak to evaluation. Thank you
5i Research Answer:
We don't see any specific news but a lot of it looks like movement alongside markets (with a wider swing) as the debt ceiling drama heats up. Some news on a moderating consumer from companies like Home Depot might also be acting as a bit of a weight as markets digest a slowdown in economic activity.