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Desjardins analyst Benoit Poirier raised confidence that CN and CPKC will hit annual guidance but cut profitability estimates on cold-weather cost pressure. He expects neither railroad to raise guidance given potential labour issues ahead.
The note also highlights stronger-than-expected intermodal volumes.
This is equity analyst commentary on railway earnings with no new supply or demand change for feed commodities, so it has no meaningful price implication.
theglobeandmail.comDavid LeederApr 12, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
