7 Canada Investments for 2011

Here's how to cash in on our neighbor to the north

Sep 2, 2010, 8:00 am EDT | By Richard Young, Editor, Intelligence Report

#2 – Canadian Pacific Railway

Another great Canada rail stock is Canadian Pacific Railway (NYSE: CP). In the second quarter of 2010, Canadian Pacific moved +22.4% more freight than it did in the second quarter of 2009. CP moved the freight for 9.7% less per unit, but the volume more than offset the lowered pricing. CP’s excellent performance in the second quarter was powered by +93.7% growth in the amount of sulfur and fertilizers it moved during the quarter compared to last year. Recent resistance near $60 is the last stopping point before pre-recession levels near $70.