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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (38755)	1/26/2018 9:00:55 AM
From: Goose94	Read Replies (1) \| Respond to of 203376

Canadian National Railway (CNR-T) CFO downplayed the companies exposure in the event that NAFTA is dissolved and said the Trump administration should not be looking to Canada to solve its trade deficit. CFO Ghislain Houle said about 30 per cent of the company's revenues come from the United States, but that most of those revenues would not disappear if the Trump administration walked away from the agreement, as it has repeatedly threatened to do. Mr. Houle said, "From a Canadian National standpoint, we don't believe that the exposure is significant." According to Mr. Houle, about 20 per cent of CN's U.S. revenue comes from southbound trade from Canada to the United States. Of that 20 per cent, he said about 5 per cent is lumber, which falls under a separate agreement. Between 7 to 8 per cent of the remaining exports are raw materials, which Mr. Houle said will not be impacted by a potential termination of NAFTA. He said, "At this point we do not believe we would be impacted because the U.S. needs raw materials for production." He pegs CN's exposure risk to between $100-million and $200-million.