Topic: How To Invest

The Successful Investor Hotline – Friday, March 6, 2020

Article Excerpt

CANADIAN NATIONAL RAILWAY CO., $115.52, Toronto symbol CNR, is still a buy. Through their shares, investors tap Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico. The company is resuming regular operations on its rail networks in Eastern Canada and B.C. as blockades erected by First Nations protesters are removed. It will take CN several weeks to clear its backlog. The company expects the impact of the blockades will be roughly equal to the cost of the eight-day strike by its conductors and yard workers in late 2019. CN will likely report a $140 million drop in revenue as a result of the strike. To put that amount in context, its revenue totalled $14.9 billion in 2019. CN Rail recent coverage: March 2020 issue Hotline for February 14, 2020 SUNCOR ENERGY INC., $33.52, Toronto symbol SU, remains a buy. The company is Canada’s largest integrated oil company, with major…