Q: Hello,
What is going on with Canadian rails, both down past year and over past month CNR 7% & CP 4% ?
Thank you,
What is going on with Canadian rails, both down past year and over past month CNR 7% & CP 4% ?
Thank you,
5i Research Answer:
The past year reflects some earnings worries and tariff uncertainty. The past month/weeks reflects potential (competitors) merger activity in the US, with investors viewing that stronger US competitors could be bad for the Canadian rails.