Canadian Stock #2 – Canadian National Railway (CNI)
Montreal-based Canadian National Railway (CNI) operates
about 21,000 route-miles of rail that span all the way from the frozen north down to the Mississippi Delta — nearly enough track to wrap around the entire world. Since Canada is one of the largest countries in the world by geography (second only to Russia with an area of about 4 million square miles), the transportation and freight industries are vital and very lucrative parts of the nation’s economy.
The reason I’m so bullish on CNI right now is that the company is a large player in transporting commodities, including Canada’s exports of timber and metals and imports of energy from the United States. In Canadian National’s latest earnings report in January, the company stated that Q4 shipments grew for coal, grain and fertilizers and petroleum and chemicals — and this is in spite of bad weather and a five-day strike that really messed with CNI’s schedule. Just imagine how CNI will do in the warmer months as the economy continues to improve.
7 Top Canadian Stocks
Article printed from InvestorPlace Media, http://investorplace.com/2010/02/top-canadian-stocks-ccj-cni-eca-gg-pot-rimm-tb/.
©2017 InvestorPlace Media, LLC