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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (53908)	1/30/2019 7:03:00 AM
From: Goose94	Read Replies (1) of 203330

Canadian National Railway (CNR-T) the crude-by-rail business is booming, in another reminder that this country’s struggle to get pipelines built has translated into a major revenue driver for the country’s two largest rail companies. CN's petroleum and chemicals revenue surged 50 per cent in the fourth quarter to $815 million, while total revenue in the period reached $3.8 billion. On a call with analysts, management said it expects "a little dip" in crude-by-rail this quarter because of the forced production cuts in Alberta, before shipments "ramp back up" in Q2. Also notable: the company is planning a record capital spend of $3.9 billion this year, while rewarding shareholders with a richer dividend and a new share buyback program. BNN.ca

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