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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (73633)	2/10/2020 8:55:48 AM
From: Goose94	Read Replies (1) of 202702

Canadian National Railway (CNR-T) Hoggers are Pissed!! Canadian Transport Minister Marc Garneau responded to Thursday's Canadian Pacific Railway crash by issuing a 30-day order that cut in half the speed limit for trains carrying 20 or more cars of dangerous goods. The new speed limit in cities is 20 miles an hour and 25 in other areas. The slow-order was called insufficient by a representative of a group of Toronto businesses and homeowners that has called for improvements to tank cars. Oil companies were mostly tight-lipped on what effect the new speed limit might have on their operations. In an e-mail Friday, Cenovus Energy said while the speed reductions may affect delivery times, it is only a temporary measure. Canadian Pacific Railway (CP-T) share price fell by more than 1 per cent on Friday on the TSX, for a cumulative decline of about 2 per cent since Mr. Garneau's slow-order announcement on Thursday afternoon. Shares in Canadian National Railway, which said the new speed limit would have a "significant impact" on its traffic, saw its share price fall by 2 per cent on Friday.

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