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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Canadian National Railway Company (CNR $130.35)
- $130.35 P/E (TTM): 18.06X Cap: $81.36B
- View CNR Profile
- View Questions on CNR
Canadian Pacific Kansas City Limited (CP $104.83)
- $104.83 P/E (TTM): 25.42X Cap: $97.81B
- View CP Profile
- View Questions on CP

Q: Hi Folks,
CNR or CP for a TFSA. I currently own CNR. Thinking about switching to CP. Which one would you recommend?
Thanks

Asked by JOHN on July 30, 2025

5i Research Answer:

CP has outperformed, but CNR is cheaper and pays a higher dividend yield, and also has a higher dividend growth rate. We are typically largely indifferent here, as they do tend to be quite correlated. Considering the valuation gap, we would prefer to keep CNR today.

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