Updates on your Conservative stocks: Canadian National Railway Co., Maple Leaf Foods Inc. and Teck Resources Ltd.

Article Excerpt

CANADIAN NATIONAL RAILWAY CO. $133 (www.cn.ca) is still a buy. CN recently agreed to acquire Kansas City Southern (New York symbol KSU), which operates a rail network of roughly 11,400 kilometres extending from the U.S. Midwest and Southeast into Mexico. To help it win regulatory approval, CN plans to sell Kansas City Southern’s line between New Orleans and Baton Rouge, which is the only part of their two rail networks that overlap. If U.S. regulators approve, CN aims to complete the takeover by the end of 2022. CN Rail is a buy. MAPLE LEAF FOODS INC. $26 (www.mapleleaffoods.com) is still a hold. The company sells fresh and prepared meats under the Maple Leaf and Schneider labels. Maple Leaf reported a 3.0% sales rise for the three months ended March 31, 2021, to $1.05 billion from $1.02 billion a year earlier. Thanks to savings from a restructuring plan, earnings in the quarter improved 23.8%, to $0.26 a share from $0.21. However, the…