Topic: How To Invest

The Successful Investor Hotline – Friday, September 18, 2020

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD., $396.96, Toronto symbol CP, is still our #1 Conservative Buy for 2020. Through their shares, investors tap a company shipping freight over its 22,000-kilometre rail network between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast. The company has announced a new deal with container shipping firm Maersk. Under the terms of this agreement, CP will expand its port facility in Vancouver. This will make it easier to load and offload containers between trains and ships. The new facility should begin operating in 2021. Right now, Maersk and its customers mainly use trucks. Switching to trains will give them more flexibility over the timing of shipments and speed up the overall process. That will cut their warehousing costs. CP Rail is a buy. CP Rail recent coverage: October 2020 issue August 2020 issue BOMBARDIER INC., Toronto symbols BBD.A $0.495 and BBD.B $0.415, is still a hold, but only for aggressive investors. The company has finalized the terms of…

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