Canadian National R.R. | StockChase
948
Canadian National R.R. (CNR-T)

Last Price Recorded: $101.8200 on 2017-11-20

ON STOCKCHASE SINCE Oct 2000

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Canadian National R.R.


Signal Opinion Expert

2015-01-19

COMMENT
Canadian National R.R. (CNR-T)

One of the drivers in Canada on the rails has been the shipping of oil. To see this continue, there will have to be some stalling on the new pipeline builds. Also, the pricing of services where they have the 2%-4% increase every year, which would have to continue.

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Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.

Price: $80.440
Owned: Unknown

2015-05-19

WAIT
Canadian National R.R. (CNR-T)

The Canadian rails have certainly come off in the last little while. They’ve had a fantastic run. His view on this would be that you have time to wait.

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Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.

Price: $74.580
Owned: Unknown

2016-01-13

COMMENT
Canadian National R.R. (CNR-T)

Oil prices will have an effect on all of the rails, based on their shipping oil. Production is going to slow down and we haven’t seen the bottom of that yet. The ability to increase prices has been a big driver of their earnings and revenues over recent years. With the economy slowing down, this is going to occur less and less. This will be a tough stock to keep owning.

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Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.

Price: $72.900
Owned: Unknown

2016-06-21

WAIT
Canadian National R.R. (CNR-T)

Feels the rails are in for a bit of a rough go. There are a bunch of factors working against them. Oil shipping by rail is a factor and consumer demand is pulling back. The change in the CEO will create some potential small dislocation. If holding for a long-term, it is a great one.

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Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.

Price: $74.800
Owned: No

2017-09-20

COMMENT
Canadian National R.R. (CNR-T)

This is really predicated on economic growth. There are 2 facets to their model. One is price increases and the other is volume increases. They have been able to pass on price increases fairly consistently. On the volume side, it is economic growth. A very well-run rail with a low operating ratio.

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Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.

Price: $101.100
Owned: No

2002-10-17

BUY
Canadian National R.R. (CNR-T)
Should do well in any economic upswing.
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Vincent Delisle

Investment Strategist, Desjardins Securities

Price: $68.360
Owned: Unknown

2004-02-16

BUY
Canadian National R.R. (CNR-T)
Watch for the strength of the Canadian dollar as well as energy costs. Should continue to go up.
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Vincent Delisle

Investment Strategist, Desjardins Securities

Price: $80.800
Owned: No

2005-01-28

TOP PICK
Canadian National R.R. (CNR-T)
Buy if you are bullish on the economy. Fabulously well managed. Always exceed their promises. Because of high energy costs, they have become an economic carrier. Have been able to increase their margins. Have substantially increased the price of their services.
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Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $72.450
Owned: Yes

2005-07-27

PAST TOP PICK
Canadian National R.R. (CNR-T)
(A Top Pick Jan 28/05. Up 10%.) Wonderful, high quality, well managed company.
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Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $80.750
Owned: Yes

2006-02-16

HOLD
Canadian National R.R. (CNR-T)
Probably the best managed company in North America. All the good news is built in, so the stock is not cheap. They will benefit from the oil sands boom. As long as trade with China continues and the economy is strong, would hold it.
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Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $107.600
Owned: Unknown

2007-10-31

HOLD
Canadian National R.R. (CNR-T)
Prefers Canadian Pacific (CP-T). Great company but has more exposure to the US economy, one of the poorest performers. A large portion of their shipments is lumber, which is doing poorly. A lot of their business is based on the US$. Fairly cheap and does have a dividend.
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Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $52.990
Owned: Unknown

2008-11-21

DON'T BUY
Canadian National R.R. (CNR-T)
Between Canadian National (CNR-T) and Canadian Pacific (CP-T) she would prefer this one. Better managed. Had phenomenal numbers because of their surcharge on fuel but this is going to go away. Expect to see some volume declines next year.
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Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $42.180
Owned: No

2009-04-02

BUY
Canadian National R.R. (CNR-T)
(Market Call Minute.) Buy for a long-term hold.
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Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $47.250
Owned: Unknown

2009-07-17

COMMENT
Canadian National R.R. (CNR-T)
(Market Call Minute.) Prefers this to Canadian Pacific (CP-T) any day.
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Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $48.880
Owned: Unknown

2011-07-27

BUY
Canadian National R.R. (CNR-T)
This is one of those companies you should hold in your portfolio for a long time. Expects it to continue to outperform Canadian Pacific (CP-T).
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Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $71.330
Owned: Unknown

2013-11-26

BUY
Canadian National R.R. (CNR-T)

A great company.  There may be some additional upside because of a split but it would be minor.  The yield will be the same after the split.  You are buying it for the earnings and dividend growth.

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Todd Johnson

Portfolio Manager, BCV Asset Management Inc.

Price: $117.440
Owned: Yes

2012-09-05

BUY
Canadian National R.R. (CNR-T)

Rail stocks are highly dependent upon with what is going to happen with the economy. Feels transportation, excluding airlines, is a place to go. Extremely well-run company and is very popular in the US.

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Terry Shaunessy

Founder & Director, IndeXit

Price: $89.220
Owned: Unknown

2000-10-03

BUY
Canadian National R.R. (CNR-T)
If economic growth is good, then a good stock to own
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Ted Macklin

Managing Director, Guardian Capital

Price: $44.000
Owned: Unknown

2000-11-23

BUY
Canadian National R.R. (CNR-T)
Likes Some higher fuel costs created a rate hike
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Ted Macklin

Managing Director, Guardian Capital

Price: $47.000
Owned: Unknown

2001-04-11

BUY
Canadian National R.R. (CNR-T)
Trading at a discount compared to US rails. Any risk would be based on falling economy.
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Ted Macklin

Managing Director, Guardian Capital

Price: $58.330
Owned: Unknown

2001-11-21

BUY
Canadian National R.R. (CNR-T)
Good to hold for upturn in economy.
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Ted Macklin

Managing Director, Guardian Capital

Price: $70.600
Owned: Unknown

2001-12-27

BUY
Canadian National R.R. (CNR-T)
A good way to play a recovering economy.
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Ted Macklin

Managing Director, Guardian Capital

Price: $77.150
Owned: Unknown

2002-01-14

BUY
Canadian National R.R. (CNR-T)
Lower cost operator compared to CP, but always has a premium built in.
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Ted Macklin

Managing Director, Guardian Capital

Price: $70.510
Owned: Unknown

2002-09-04

BUY
Canadian National R.R. (CNR-T)
Short term gain. Buy on weakness.
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Ted Macklin

Managing Director, Guardian Capital

Price: $65.280
Owned: Unknown

2003-05-09

BUY
Canadian National R.R. (CNR-T)
Good company, but prefers CP Rail at this time.
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Ted Macklin

Managing Director, Guardian Capital

Price: $69.350
Owned: Unknown

2003-11-06

BUY
Canadian National R.R. (CNR-T)
Likes both railroads. They should improve from increased grain shipments. Economically sensitive. Strong management.
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Ted Macklin

Managing Director, Guardian Capital

Price: $80.570
Owned: Yes

2014-02-06

BUY
Canadian National R.R. (CNR-T)

Both railways had a big run.  CP has been an incredible turnaround.  He decided CN would be the better one to go for because of diversification.

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Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report

Price: $60.060
Owned: Unknown

2014-09-11

DON'T BUY
Canadian National R.R. (CNR-T)

22 times earnings, 12% revenue growth rate for this year, which is higher than other railways.  Prefers it to CP-T, but would not buy either right now.

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Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report

Price: $80.200
Owned: Unknown

2015-09-14

HOLD
Canadian National R.R. (CNR-T)

The whole rail sector is coming off.  This is the most diversified of the group. 

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Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report

Price: $73.070
Owned: Unknown

2001-01-04

HOLD
Canadian National R.R. (CNR-T)
Good mngmnt. Slowing economy will hurt short term
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Steven Wippersteg

Senior Vice President and Portfolio Manager, Strategic Nova

Price: $46.100
Owned: Unknown

2001-06-27

BUY
Canadian National R.R. (CNR-T)
(Was a top pick on Jul 24/00 up 34%) If economy slows down, earnings could be hit but a good company.
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Steven Wippersteg

Senior Vice President and Portfolio Manager, Strategic Nova

Price: $58.470
Owned: Unknown

2001-09-21

BUY
Canadian National R.R. (CNR-T)
Excellent company. Has dropped and is a reasonable price.
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Steven Wippersteg

Senior Vice President and Portfolio Manager, Strategic Nova

Price: $55.760
Owned: Unknown

2001-12-07

TOP PICK
Canadian National R.R. (CNR-T)
Has done well.
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Steven Wippersteg

Senior Vice President and Portfolio Manager, Strategic Nova

Price: $72.340
Owned: Unknown

2002-01-11

BUY
Canadian National R.R. (CNR-T)
Has ahd a good run, but will still have room for some good upside. At a good price.
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Steven Wippersteg

Senior Vice President and Portfolio Manager, Strategic Nova

Price: $71.000
Owned: Unknown

2007-01-11

BUY
Canadian National R.R. (CNR-T)
Likes the rails, which transports 60% of the freight in Canada, but only accounts for 3% of the greenhouse gas emissions. This one is the most efficient in North America.
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Steve MacInnes

Chief Investment Officer, Inhance Investment Management

Price: $50.640
Owned: Yes

2017-01-23

BUY
Canadian National R.R. (CNR-T)

If there was one stock that he had to pick to hold forever to beat the TSX every year, it would probably be this one. A good area to be invested in.

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Steve DiGregorio

Portfolio Manager, Canoe Financial

Price: $93.220
Owned: No

2006-11-08

BUY
Canadian National R.R. (CNR-T)
Had a great 3rd quarter. The overall rate of return right now is about 10% plus dividends. Likes it longer term.
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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $54.980
Owned: Yes

2007-04-05

BUY
Canadian National R.R. (CNR-T)
Both Canadian National (CNR-T) and Canadian Pacific (CP-T) had negative earnings revisions in the 1st quarter. A lot of it was weather related (coal shipment for CP). Still sees 5%-10% earnings growth.
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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $50.900
Owned: Yes

2007-10-25

DON'T BUY
Canadian National R.R. (CNR-T)
All about the Canadian dollar, they cant beat a 21% appreciation in the Canadian dollar. Has one of the best operating managements out there. Not a whole lot of upside from here.
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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $51.220
Owned: Unknown

2008-08-29

DON'T BUY
Canadian National R.R. (CNR-T)
Rails are not particularly attractive to him right now. Earnings are de-accelerating and on a year over basis will be negative. Valuations are not particularly attractive.
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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $55.710
Owned: Yes

2009-01-23

TOP PICK
Canadian National R.R. (CNR-T)
Volumes were down 11% in the quarter and yet they delivered 25% earnings growth. Increased their dividend by 10%. Just completed an acquisition in Chicago, which will alleviate some of their congestion problems in that area.
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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $41.740
Owned: Yes

2009-05-12

TOP PICK
Canadian National R.R. (CNR-T)
Last quarter was very good. A true cost conscious company. Even in a downturn they can deliver some earnings growth. Dividend of over 2%.
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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $46.920
Owned: Yes

2009-09-16

TOP PICK
Canadian National R.R. (CNR-T)
Gives exposure to an improving economy. One of the best run companies in North America. Good earnings growth. Starting to seem some improvements in car load volumes.
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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $54.410
Owned: Yes

2009-12-16

TOP PICK
Canadian National R.R. (CNR-T)
(A Top Pick Jan 23/09. Up 36.8%.) Like the exposure to the improvement of the economy. Starting to see carload improvements, which can give them some great earnings going forward. Continues to like the fundamentals for the rail industry. Top-notch management.
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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $56.940
Owned: Yes

2010-07-20

PAST TOP PICK
Canadian National R.R. (CNR-T)
(A Top Pick May 12/09. Up 36.49%.)
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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $62.980
Owned: Yes

2011-02-10

PAST TOP PICK
Canadian National R.R. (CNR-T)
(A Top Pick Dec 16/09. Up 23.51%.) Still likes.
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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $69.310
Owned: Yes

2012-07-11

HOLD
Canadian National R.R. (CNR-T)
Best rail operator in North America. Stock has done tremendously well, especially ion the last quarter. Stock is a little bit ahead of its fundamentals now. Thinks Q2 is going to be very good, partly picking up some volume from Canadian Pacific (CP-T) because of a strike there.
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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $86.770
Owned: Unknown

2012-08-22

BUY on WEAKNESS
Canadian National R.R. (CNR-T)

One of the best management teams in the country. Great company. Expensive stock right now. Would like to see the stock pull back to $85. 1.65% dividend.

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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $90.800
Owned: Unknown

2012-10-31

BUY on WEAKNESS
Canadian National R.R. (CNR-T)

Company has delivered very good traditional growth over the last couple of years. He would wait until the stock goes into the lower $80’s before buying. $92 target.

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Steve Carlin

Senior Vice President & Head of Equities, Aegon Capital Management

Price: $86.240
Owned: Yes

2014-01-21

COMMENT
Canadian National R.R. (CNR-T)

(Market Call Minute.) Great Canadian growth story. Benefits from its scarcity value. Not cheap. He would Buy on a dip or would Hold. Good long-term core position.

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Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Management

Price: $58.880
Owned: Unknown

2014-12-16

BUY on WEAKNESS
Canadian National R.R. (CNR-T)

Less exposure to oil than CP-T.  It never quite gets cheap enough for his metrics.  There will be some volatility now.  Buy about $70.

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Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Management

Price: $76.590
Owned: No

2015-04-27

HOLD
Canadian National R.R. (CNR-T)

A rock solid company.  Trades at a premium and is rather expensive.  He is watching it.  Hold it and buy more if it goes down a lot.  Don’t think about stop losses.

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Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Management

Price: $79.270
Owned: Unknown

2016-12-05

HOLD
Canadian National R.R. (CNR-T)

It is a great company.  He has a small position.  He has a lot of respect for the management.  They are truly a machine.  Valuation is keeping him from increasing his position.  CP-T had more potential improvements so increased more.

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Stephen Groff

Principal & Portfolio Manager, Cambridge Global Asset Management

Price: $89.920
Owned: Yes

2017-09-06

COMMENT
Canadian National R.R. (CNR-T)

An outstanding rail. Very well-run with a deep management bench. An excellent franchise in terms of where they touch on the coast. However, it is all about what you pay for a business. This is not cheap. There are other rails that are better value such as CSX Corp (CSX-Q), where expectations are not as high. They’ve had certain service issues and Hunter Harrison will truly enact the plan he has laid out and issues will be resolved. Dividend yield of 1.7%.

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Stephen Groff

Principal & Portfolio Manager, Cambridge Global Asset Management

Price: $99.220
Owned: No

2014-06-24

WEAK BUY
Canadian National R.R. (CNR-T)

As long as economy continues to more forward it will do well.  CP-T is a little cheaper however and if he was going to own one he would buy CP-T.  Wait for a pullback before buying either one.

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Stan Wong

Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

Price: $67.280
Owned: No

2014-07-23

COMMENT
Canadian National R.R. (CNR-T)

Likes the rail space. Canadian Pacific (CP-T) looks a little bit cheaper on a growth to the PE metric. It makes a lot of sense to own these types of names.

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Stan Wong

Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

Price: $74.000
Owned: Unknown

2014-09-11

HOLD
Canadian National R.R. (CNR-T)

Likes the industrial space and the rails. However he likes Canadian Pacific (CP-T) a bit more, which seems a little bit cheaper in terms of different valuations. However, they are both great.

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Stan Wong

Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

Price: $80.200
Owned: Unknown

2014-10-16

BUY
Canadian National R.R. (CNR-T)

Likes both Canadian National (CNR-T) and Canadian Pacific (CP-T), but prefers CP a little better. Feels the growth metrics for it are a little bit stronger and valuations are a little cheaper when looking at a PEG ratio analysis. Given the fact that they have both sold off quite a bit, especially this one, he would be a buyer. These are good entry points.

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Stan Wong

Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

Price: $71.900
Owned: Unknown

2015-05-21

WATCH
Canadian National R.R. (CNR-T)

Some of the rails in Canada have done extremely well until recently. They started to flat line and then fall. This one has fallen below its 200 day moving average, which signals that something is up with the stock. Thinks some of the rail shipments, in terms of volume, are a little bit lower than normal. He would wait to see where it goes.

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Stan Wong

Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

Price: $74.490
Owned: Unknown

2015-12-03

SELL
Canadian National R.R. (CNR-T)

Volumes on shipments on rails have come down. Those are headwinds towards the space for some time to come, until commodity prices start creeping back up again. 200 day moving average has been flat since late spring. If you own, consider trading when there is an opportunity when it comes off.

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Stan Wong

Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

Price: $76.740
Owned: No

2016-08-26

COMMENT
Canadian National R.R. (CNR-T)

These names are considered cyclical because they are in the industrial space. The chart looks pretty decent in that it has broken above the 200 day moving average and staying above that. Also, oil prices have started to recover so the volume moving from A to B should start to improve. Some others he has been watching include CSX (CSX-X) and Union Pacific (UNP-N).

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Stan Wong

Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

Price: $84.640
Owned: No

2014-06-05

HOLD
Canadian National R.R. (CNR-T)

Best and most efficient railroad in Canada. Also, likes that it goes both north-south and east-west. This is a big advantage in shipping all kinds of goods, especially potentially heavy crude.

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Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Associates

Price: $66.380
Owned: Yes

2015-01-16

HOLD
Canadian National R.R. (CNR-T)

This initially got hit a little bit on oil, because people were worried about crude by rail volumes going down. However, fuel is an input, so they are saving some money. Also, the economy should pick up. If the economy picks up more and you are expecting accelerating growth in the US, this is one of the only North American railroads, and could stand to benefit in this type of environment.

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Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Associates

Price: $79.790
Owned: Yes

2017-06-27

COMMENT
Canadian National R.R. (CNR-T)

One of the lowest dividend yields that he holds at 1.5%. Likes the company long term, but it is pretty rich at these prices. The dividend has been growing at mid-teens over the last 5 years. This company has great prospects ahead of it. He has been trimming his holdings recently. He would like to see the dividend at 2% before accumulating more.

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Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Associates

Price: $106.780
Owned: Yes

2001-09-17

WAIT
Canadian National R.R. (CNR-T)
Well run. Good upside potential, but wait for economy turn.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $61.550
Owned: Unknown

2001-12-27

BUY
Canadian National R.R. (CNR-T)
Has a lot of upside potential. Will trade twice book value. Use a $57/58 stop.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $77.150
Owned: Unknown

2002-03-22

DON'T BUY
Canadian National R.R. (CNR-T)
FMV = $126, but rails historically have always peaked out at 2 X book which is $88.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $79.140
Owned: Unknown

2002-04-25

DON'T BUY
Canadian National R.R. (CNR-T)
Historically railroads tend to peak out at twice book. Have decent upside potential but too pricey now.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $75.000
Owned: Unknown

2002-08-30

BUY
Canadian National R.R. (CNR-T)
Likes C.N.R. and C.P. Rail. Both are well run. Has good upside potential.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $68.010
Owned: Unknown

2002-10-23

DON'T BUY
Canadian National R.R. (CNR-T)
A lot of potential upside but not a buy yet.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $65.250
Owned: Unknown

2003-01-16

DON'T BUY
Canadian National R.R. (CNR-T)
At a level where historically they have run into a lot of resistance. Expect a sell off.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $63.650
Owned: Unknown

2004-09-17

HOLD
Canadian National R.R. (CNR-T)
Trading about 40% below its Fair Market Value. Company seems to go from strength to strength. Trading at well up over twice Book Value.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $61.440
Owned: Unknown

2005-02-04

HOLD
Canadian National R.R. (CNR-T)
The weakness is that it is up over 2.5 X Book while CP is 1.5 X Book. More expensive than CP, but it has the greater upside.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $73.750
Owned: No

2005-04-07

HOLD
Canadian National R.R. (CNR-T)
If you own CN or Canadian Pacific (CP-T) keep holding them as they are beneficiaries of the commodity cycle. This one has better upside potential than CP, but you are paying for it at 2.5 X book.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $77.250
Owned: No

2007-03-07

HOLD
Canadian National R.R. (CNR-T)
The stock is sitting on its resistance point, so has support. Tremendous upside potential based on his FMV. Remember, if the market suspects there is any potential weakness, it tends to be chary about paying too much. If it drops to $49-$50, Sell.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $51.450
Owned: Unknown

2007-10-05

HOLD
Canadian National R.R. (CNR-T)
Continues to truck along at about 2.5X Book. His Fair Market Value is really high. Extraordinarily well run railway.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $55.290
Owned: Unknown

2008-10-02

SELL
Canadian National R.R. (CNR-T)
Trading above book value for quite some time. If the commodity bubble has burst, then has it taken the steam out of rail?
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $48.550
Owned: Unknown

2009-03-05

DON'T BUY
Canadian National R.R. (CNR-T)
Too early to get into this. Stock broke down within his programs and has signalled a Sell. May have another 20%-25% to go before he would be really comfortable. FMV is actually hanging in quite well.
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Ross Healy

Chairman, Strategic Analysis Corp

Price: $38.820
Owned: No

2012-07-05

DON'T BUY
Canadian National R.R. (CNR-T)
Dow transportation average at a very high level from a historical point of view. So there are increasing risks going into this sector. Some other rails he would actively sell, e.g.: CSX,
Transportation
Ross Healy

Chairman, Strategic Analysis Corp

Price: $85.590
Owned: Unknown

2014-01-02

HOLD
Canadian National R.R. (CNR-T)

4.5 times book value.  Very, very expensive and extended.  Not to say it will collapse, but there is risk in the rails to valuation.  A beautifully run company.  Exit at $48/$49 area.

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Ross Healy

Chairman, Strategic Analysis Corp

Price: $60.240
Owned: Unknown

2014-06-17

DON'T BUY
Canadian National R.R. (CNR-T)

Trading pretty close to 5X BV, and the stock has never been here before. Not necessarily bad as the whole Dow Jones Transportation Index is trading up in the same place. This is starting to get pretty expensive. $77 would be the maximum he could see, and then it would be out of gas entirely. Currently it is fairly valued, but for a long-term holding, this is not a good place to be.

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Ross Healy

Chairman, Strategic Analysis Corp

Price: $67.940
Owned: Unknown

2014-07-29

COMMENT
Canadian National R.R. (CNR-T)

Stocks like this and Canadian Pacific (CP-T) and Tim Horton’s (THI-T) have done very well, reaching very, very high valuations in Price to Book terms. What they all have in common is that they have all decided that they want to buy back stocks. Realize that when you’ve got a stock that is trading at 5X its BV, which means that for every $1 of equity that you are taking out of the treasury to buy stock, you are buying $0.20 worth of equity to cancel. This means your ROE on investment is worth -80%. You are actually subtracting value, and the BV is going down. This means that when you have a market correction, the downside risks are increasing in those stocks. What they should do is issue stocks, raise the BV and use the money to expand their existing business. If you have no use for the money, then at least give the existing shareholders a dividend. In the short term, these things are working out quite well. If you own, the stock could run further, but be ready to Sell.

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Ross Healy

Chairman, Strategic Analysis Corp

Price: $73.370
Owned: Unknown

2015-03-17

BUY
Canadian National R.R. (CNR-T)

One of the best run and maybe ahead of CP-T.  The problem with rails is that they have been doing so well for so long that investors expect they will keep doing this well for a lot longer.  They have gotten very expensive historically.  The US rails have done well also.  There is additional risk if there were an economic slowdown.  Thumbs up short term, but long term they are expensive and destroying value.

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Ross Healy

Chairman, Strategic Analysis Corp

Price: $87.780
Owned: Unknown

2015-08-20

DON'T BUY
Canadian National R.R. (CNR-T)

Not a particularly good entry point.  He is not positive on the rails.  He would raise as much equity as he could at these high prices. 5.5 times its book value.

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Ross Healy

Chairman, Strategic Analysis Corp

Price: $75.910
Owned: Unknown

2017-05-08

SELL
Canadian National R.R. (CNR-T)

The stock is very extended.  The rails have had a great run.  The problem is that it started at book value and is now at about 5.5 times book and it is not going to do that again.  He is not knocking the company and the management, but the problem is that it is ‘in the market’ already.  It is VERY expensive.

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Ross Healy

Chairman, Strategic Analysis Corp

Price: $101.930
Owned: Unknown

2017-10-05

COMMENT
Canadian National R.R. (CNR-T)

You may get a little pop in this, but the problem is that it has reached a little beyond its intrinsic value. It is having a very hard time going anywhere at this juncture. He would be more on the side of trading out, looking for a bottom of around $75, rather than owning it.

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Ross Healy

Chairman, Strategic Analysis Corp

Price: $101.390
Owned: Unknown

2004-10-20

STRONG BUY
Canadian National R.R. (CNR-T)
A fantastic stock with further upside potential. Doesn't see any kind of negative. If using a stop/loss, it would be set at $56/58.
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Ron Meisels

President, P & C Holdings

Price: $62.450
Owned: Yes

2006-02-21

BUY
Canadian National R.R. (CNR-T)
It's a previous pick. It's done well, he still likes it.
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Ron Meisels

President, P & C Holdings

Price: $53.700
Owned: Yes

2008-03-14

WEAK BUY
Canadian National R.R. (CNR-T)
CN and CP are both basically the same. About to begin a better year than we had for the last 6 months. Big caps such as this should recover quite well. Take defensive measures. It should start moving back up.
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Ron Meisels

President, P & C Holdings

Price: $48.320
Owned: No

2008-04-08

WATCH
Canadian National R.R. (CNR-T)
Both Canadian National (CNR-T) and Canadian Pacific (CP-T) are the kind of stocks that start off together with the bull market. Sometimes the picture does not look so exciting but they are both usually the leaders in a bull market. Once a gets past $53, this is a signal that there could be an up leg.
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Ron Meisels

President, P & C Holdings

Price: $51.550
Owned: Unknown

2009-11-05

WATCH
Canadian National R.R. (CNR-T)
Stock has been in a congestion area and is on the verge of a possible breakout. If it gets to $55-$56 it will go significantly higher.
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Ron Meisels

President, P & C Holdings

Price: $54.990
Owned: Unknown

2010-05-18

BUY
Canadian National R.R. (CNR-T)
Is at a new all time high. If a stock is above the 200-day moving average, which is rising, then go for it.
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Ron Meisels

President, P & C Holdings

Price: $60.580
Owned: Unknown

2014-01-20

SELL
Canadian National R.R. (CNR-T)

We had a major uptrend but then went too far away above and he expects a correction with a test to the $55 level. 

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Ron Meisels

President, P & C Holdings

Price: $59.110
Owned: Unknown

2001-07-19

BUY
Canadian National R.R. (CNR-T)
Based on economy. Buy if your positive.
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Roger Mortimer

Portfolio Manager, Aim Investments

Price: $67.000
Owned: Unknown

2001-06-14

BUY
Canadian National R.R. (CNR-T)
Strong earnings. Should have some growth.
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Robert Floyd

President, R A Floyd Management

Price: $61.300
Owned: Unknown

2002-04-05

BUY on WEAKNESS
Canadian National R.R. (CNR-T)
In an economy upswing, this is a mid to later cyclical. May have a pull back in the near term.
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Robert Floyd

President, R A Floyd Management

Price: $75.450
Owned: Unknown

2003-01-15

BUY
Canadian National R.R. (CNR-T)
Well run.
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Robert Floyd

President, R A Floyd Management

Price: $63.770
Owned: Unknown

2006-02-27

WEAK BUY
Canadian National R.R. (CNR-T)
Believes this company will do well. He prefers CP over CNR. He owns CP.
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Robert Floyd

President, R A Floyd Management

Price: $54.100
Owned: No

2006-12-01

HOLD
Canadian National R.R. (CNR-T)
Should edge a little bit higher. Transportation tends to go counter to the oil/gas commodities. Looking for a better 07 out of them.
Transportation
Robert Floyd

President, R A Floyd Management

Price: $53.420
Owned: No

2007-01-03

DON'T BUY
Canadian National R.R. (CNR-T)
Very near to having their Prince Rupert terminal open. A major part of their business is the North/South line and there may be some concern on the slowdown in the US economy. This could be a choppy year for them. If you own, you may want to take some money off the table.
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Robert Floyd

President, R A Floyd Management

Price: $50.300
Owned: Unknown

2007-10-12

DON'T BUY
Canadian National R.R. (CNR-T)
Slowdown in the US could be a problem for this company. Would consider looking at it a little lower. Would prefer Canadian Pacific (CP-T) at this stage.
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Robert Floyd

President, R A Floyd Management

Price: $52.830
Owned: No

2008-02-29

HOLD
Canadian National R.R. (CNR-T)
Likes the rails right now. Could see some higher prices going out a couple of months. In Canada, he prefers Canadian Pacific (CP-T) because of the strong demand for a lot of resources. Also have more of an East/West capacity.
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Robert Floyd

President, R A Floyd Management

Price: $52.050
Owned: Unknown

2008-03-20

BUY
Canadian National R.R. (CNR-T)
The rails he likes, in both US and Canada. If you don't own it, take a hard look at CN and CP.
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Robert Floyd

President, R A Floyd Management

Price: $48.670
Owned: Unknown

2009-01-15

DON'T BUY
Canadian National R.R. (CNR-T)
Diversification through their acquisition in the US will help them. However, a lot of major companies that use haulage to transport are declining significantly. This kind of company will be in a bear market until the economy starts to bottom out.
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Robert Floyd

President, R A Floyd Management

Price: $43.410
Owned: Unknown

2014-01-17

COMMENT
Canadian National R.R. (CNR-T)

What do you think of Shorting this company? He does not think this is a Short. Assumes we are going to get the same kind of returns as we did in the last 12-18 months. Economy has improved, rail companies have infrastructure in place to take advantage.

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Rob Stabile

Portfolio Manager, LDIC Inc

Price: $58.580
Owned: Unknown

2001-09-17

BUY
Canadian National R.R. (CNR-T)
Could do some more north/south merger/acquisitions. Could play a bigger role in a recovery.
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Rob Callander

Vice President and Portfolio Manager, Caldwell Securities

Price: $61.550
Owned: Unknown

2003-06-05

BUY
Canadian National R.R. (CNR-T)
Well managed. A good holding.
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Rob Callander

Vice President and Portfolio Manager, Caldwell Securities

Price: $70.500
Owned: Unknown

2004-03-29

BUY
Canadian National R.R. (CNR-T)
Transportation business should be quite good. Likes both CP & CNR but favors CP which has dropped in price and should have more upside.
Transportation
Rob Callander

Vice President and Portfolio Manager, Caldwell Securities

Price: $52.100
Owned: Yes

2004-06-09

HOLD
Canadian National R.R. (CNR-T)
A well-run railroads which continues to be successful. Feels that CP has an opportunity to catch up in operating costs.
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Rob Callander

Vice President and Portfolio Manager, Caldwell Securities

Price: $56.360
Owned: No

2004-11-30

BUY
Canadian National R.R. (CNR-T)
Rail stocks should benefit from the booming China economy through shipping coal, wheat and fertilizer. RR's are talking about expanding capacities and both CNR and CP are both going to do well. Favourite over the last 6 months has been CP.
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Rob Callander

Vice President and Portfolio Manager, Caldwell Securities

Price: $68.750
Owned: Yes

2005-01-25

BUY
Canadian National R.R. (CNR-T)
Has lately been focusing more on CP because it has some catching up to do. A terrific company and they are talking about another double digit growth in earnings and revenues this year. Doing joint ventures with US rails as well as CP. Lowest cost railroad in North America.
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Rob Callander

Vice President and Portfolio Manager, Caldwell Securities

Price: $71.210
Owned: Yes

2006-04-19

WEAK BUY
Canadian National R.R. (CNR-T)
1.2% dividend. The best run railroad in North America. It is benefiting hugely from the high demand of resources. The share price is very high. Favours CP Rail (CP-T), as it is still catching up.
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Rob Callander

Vice President and Portfolio Manager, Caldwell Securities

Price: $54.100
Owned: Unknown

2006-09-12

HOLD
Canadian National R.R. (CNR-T)
With a little bit of a slowdown in the US economy, there may be a little bit of slowdown in their business. This is a core, portfolio stock to be held for the long-term.
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Rob Callander

Vice President and Portfolio Manager, Caldwell Securities

Price: $45.900
Owned: Unknown

2009-07-10

DON'T BUY
Canadian National R.R. (CNR-T)
Tied into the economy so the economy has to pick up before they do better. First you will see demands for shipments pick up and then this will benefit. Very well run company. There is no rush to buy this.
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Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $45.300
Owned: Unknown

2011-08-08

COMMENT
Canadian National R.R. (CNR-T)
Rails have held up very well in this pullback. The only negative is that the yield is about 2% where you can get a bank at 4% and an insurance company at 5%. Very well run company.
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Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $66.210
Owned: Unknown

2013-02-08

PARTIAL SELL
Canadian National R.R. (CNR-T)

Has been a good stock.  He compares Canadians to the US and they are becoming a little pricey.  You may want to take some profits.  There is a lot of good news in Canadian Railroads.  He feels he should not have avoided this sector.

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Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $97.820
Owned: No

2013-11-22

PARTIAL SELL
Canadian National R.R. (CNR-T)

If you own and have had really nice profits, he would trim a bit. If you want to keep a core position, this is a really good company. Remember that as the economy picks up, your loadings are going to get higher, not lower and they have done a fabulous job of reducing costs on this rail line.

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Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $118.870
Owned: No

2014-06-18

HOLD
Canadian National R.R. (CNR-T)

This still looks OK. It has a beautiful chart. The economy is still going forward, and this is a stock that really gives you a window on the economy.

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Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $68.460
Owned: No

2015-07-13

COMMENT
Canadian National R.R. (CNR-T)

This has had a fair pullback. These were the leading stocks going up; transports are often anticipating better times. Feels they are reasonably priced but he is not in the sector right now. If you are a long-term holder, you will be okay.

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Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $74.000
Owned: No

2016-09-14

COMMENT
Canadian National R.R. (CNR-T)

If he is right on the market, rails will be fine, and will go up. He prefers this one right over Canadian Pacific (CP-T). Transports will go with the market. It makes sense that if the economy gets stronger, the transports will get stronger.

Transportation
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $80.920
Owned: No

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