OTTAWA, April 30 (Reuters) - Canada's sluggish economy unexpectedly shrank in February as bad weather hurt rail shipments of key commodities, Statistics Canada said on Tuesday, but analysts predicted a modest recovery in March. Statscan said February gross domestic product fell by 0.1 percent. Analysts in a Reuters poll had expected no change from January,…
Posts published in April 2019
(Compares with estimates, adds first-quarter details, share move) April 29 (Reuters) - Canadian National Railway Co reported a 6 percent rise in quarterly profit on Monday, as it transported higher volumes of petroleum and chemical products. U,S,-listed shares of the company rose 2.1 percent in after-hours trading. The company's net income rose to C$786 million,…
(Adds CEO quote, comment from analyst call, background) April 29 (Reuters) - Canadian National Railway Co on Monday became the latest railroad operator to blame higher operating expenses due to prolonged extreme cold weather for a lower-than-expected quarterly profit. Rail traffic in Canada was dented by a severe winter, forcing rail operators to cease work.…
(Adds CFO comment, details on crude-by-rail) April 23 (Reuters) - Canadian Pacific Railway Ltd missed analysts' estimates for quarterly profit on Tuesday as the railroad operator spent heavily to combat a harsh winter that impacted its operations. Canada's challenging winter conditions extended to February, with a winter storm dumping heavy snow and ice pellets on…
(Adds estimates, key metrics) April 23 (Reuters) - Canadian Pacific Railway Ltd missed analysts' estimates for quarterly profit on Tuesday, as the railroad operator's expenses rose. Canada's challenging winter conditions extended to February, with a winter storm dumping heavy snow and ice pellets on the most populated parts of the country, closing schools and paralyzing…
(Repeats April 18 column with no changes. John Kemp is a Reuters market analyst. The views expressed are his own) * Chartbook: https://tmsnrt.rs/2DkAtvP LONDON, April 18 (Reuters) - The U.S. economy hit a soft patch during the first three months of the year with manufacturing output up only slightly compared with the same period a…
(Adds details on operating ratio, shares) April 18 (Reuters) - Union Pacific Corp on Thursday reported a better-than-expected quarterly profit, as the U.S. railroad raised prices, helping offset the impact of severe winter weather and record flooding that damaged rails in the Midwest. Shares rose 2.7 percent to $173.80 premarket. Union Pacific's operating ratio, a…
(Adds details on teacher strikes, operations) April 17 (Reuters) - U.S. railroad operator Kansas City Southern on Wednesday reported a first-quarter profit that topped Wall Street's estimate, boosted by an increase in refined fuel and grain shipments to Mexico. Shares in the company, which gets one-third of its revenue from Mexico, jumped 2.6 percent to…
MOSCOW, April 1 (Reuters) - Russia's Rustranscom, a rail freight transportation firm, said on Monday it was planning to list its global depositary receipts (GDRs) on the London Stock Exchange, in what would be the first initial public offering by a Russian firm since 2017. Rustranscom, or RTC, plans to apply for LSE admission in…
CALGARY, Alberta, April 1 (Reuters) - The Alberta government and oil transportation companies are pressing ahead with plans to move 120,000 barrels per day of crude by rail, ignoring threats to quash the deals from the man tipped to become the province's next premier. Latest polls show United Conservative Party leader Jason Kenney is on…