Seeking Alpha (Free subscription) | 08/01/2008
FP Trading Desk submits: Canadian National Railway Co.(CNI) and Canadian Pacific Railway Ltd. (CP) remain interesting plays for investors, according to an industry watcher who sees continued upside for the railway operators, in spite of problems that have recently hurt the industry. Odlum Brown Limited analyst Stephen Boland likes both CN and CP, but for different reasons. In a note to clients he...
Seeking Alpha (Free subscription) | 08/01/2008
Canadian Pacific Railway Limited (CP) Q2 2008 Earnings Conference Call Complete Story »
Market Wire - Investment Opinion (Free subscription) | 07/28/2008
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Seeking Alpha (Free subscription) | 07/24/2008
FP Trading Desk submits: Canadian Pacific Railway Ltd.’s (CP) worse-than-expected second quarter results this week led to a series of earnings estimate revisions Wednesday. Walter Spracklin, RBC Capital Markets analyst, reduced his 2008 and 2009 guidance by about 7% due in part to higher fuel costs and weak economic conditions. Complete Story »
New York Times (Free subscription) | 07/23/2008
The Canadian Pacific Railway said second-quarter profit fell 40 percent and cut its full-year profit forecast as fuel costs rose and a slumping economy reduced traffic.
CBC.ca (Free subscription) | 07/22/2008
A soft North American economy and rising fuel prices led Canadian Pacific Railway Ltd. to cut its earnings outlook for the year on Tuesday. The profit warning came as CPR said its second-quarter profit dropped 40 per cent.
Reuters UK (Free subscription) | 07/22/2008
TORONTO, July 22 (Reuters) - Canadian Pacific Railway Ltd said on Tuesday its quarterly profit slumped nearly 40 percent amid spiraling fuel costs and a sluggish U.S. economy which curbed shipments, compelling the company to cut its full-year earnings forecast.
CBC.ca (Free subscription) | 07/04/2008
A toxic chemical is leaking from a derailed Canadian Pacific Railway car into B.C.'s Thompson River, an Environment Ministry spokeswoman said yesterday.A local native leader predicted that the spill could have a ''devastating'' impact on fisheries if it kills, contaminates or confuses what's left of the river's salmon runs.
Red Orbit (Free subscription) | 07/03/2008
Canadian environmental officials have acknowledged a rail tanker car derailed by a landslide into a British Columbia river is leaking a toxic chemical. The derailment of four Canadian Pacific Railway chemical cars into the Thompson River happened Tuesday.
CBC.ca (Free subscription) | 07/03/2008
Two rail cars loaded with chemicals remained partially submerged in the Thompson River yesterday, as Canadian Pacific Railway cleaned up a four-car derailment.The company initially believed 16 cars had jumped the tracks near Lytton after being hit by a rock slide just north of the tiny Fraser Canyon community Tuesday night.
CBC.ca (Free subscription) | 06/20/2008
Call it an Okanagan redux of the Canadian Pacific Railway's historic ''last spike'' moment.It took longer and cost more than the original construction almost 100 years ago, but the Myra Canyon trestles have been fully restored and will be unveiled in a ceremony on Sunday.
Market Wire - Government: International (Free subscription) | 06/05/2008
GATINEAU, QUEBEC (MARKET WIRE) The Transportation Safety Board of Canada (TSB) released its final investigation report (R06T0022) today into the Canadian Pacific Railway (CPR) train derailment near Buckskin, Ontario, on January 31, 2006.
Seeking Alpha (Free subscription) | 06/03/2008
FP Trading Desk submits: Shares of Canadian Pacific Railway Ltd. (CP) are expected to face near-term pressure on second quarter earnings that are forecast to be below consensus estimates, and a stock price that is near the high end of its historic range and offers limited upside as a result, according to RBC Capital Markets analyst Walter Spracklin. He downgraded the railway to “sector perform” from...
Business Week (Free subscription) | 06/02/2008
Patten notes that WB shares have stumbled as losses tied to its ill-timed purchase (2006) of Golden West Financial (GDW) jumped over the last few quarters, pushing EPS lower and forcing WB to do multiple capital raises. He wouldn't be surprised to see more changes among the top ranks at WB over the coming months.
The Earth Times Online Newspaper (Free subscription) | 05/24/2008
CALGARY, May 23 - Canadian Pacific Railway Limited (TSX/NYSE: CP) announced today that its wholly-owned subsidiary, Canadian Pacific Railway Company, is issuing $375 million of 6.25% Notes due June 1, 2018....
