Canadian National News
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No North American railroad is a more alluring, or expensive, takeover target than Kansas City Southern.
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Bill Gates is once again the world’s richest person.
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Canadian stocks rose as industrial and energy shares advanced amid improving confidence in economic growth in the U.S., the country’s largest trading partner.
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Canadian stocks rose for a third day as financial and industrial shares gained amid a jump in building permits and commodities producers advanced as gold prices rallied.
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Canadian stocks rose, erasing an earlier loss, as commodities prices rebounded and better-than- estimated earnings from Manulife Financial Corp. boosted financial shares.
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Canadian National Railway Co. earnings declined less than analysts estimated in the first quarter as cargo growth blunted the impact of higher operating costs.
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Canadian Pacific Railway Ltd. posted higher first-quarter earnings than analysts estimated as Chief Executive Officer Hunter Harrison makes progress on profitability goals set during last year’s proxy fight.
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Standard Life Investments, the fund-management unit of Scotland’s biggest insurer, is buying shares of Canadian lenders including Toronto-Dominion Bank for low-risk dividend growth even as the economy slows.
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Canadian Pacific Railway Ltd. Chief Executive Officer Hunter Harrison, who was lured from retirement as the head of Canadian National Railway Co., is poised to a hire a deputy to implement his turnaround strategy at the least efficient North American carrier.
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Canadian National Railway Co. forecast profit growth for 2013 that may fall short of analysts’ estimates as the country’s biggest railroad confronts increased pension expenses.
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