CN Rail expects smaller profits in wake of strike

Canadian National Railway Co. is cutting its profit guidance in the wake of an eight-day strike by 3,200 workers that brought the railway to a near halt.

The railway says it is now targeting 2019 adjusted diluted earnings per share growth in the low to mid single-digit range compared with last year's adjusted diluted earnings per share of $5.50.

See Full Article


Latest Economic News

  • Asian shares rise after buying mood on Wall Street ends week

    Economic CTV News
    TOKYO -- Asian shares were mostly higher Monday, cheered by a wave of buying late last week on Wall Street that was spurred by strong U.S. jobs numbers and optimism over China-U.S. trade. Japan's benchmark Nikkei 225 edged up 0.4% in early trading to 23,439.13, while Australia's S&P/ASX 200 added 0.4% to 6,735.70. Source
  • Car owner forced to replace engine twice within weeks despite safety recall

    Economic CBC News
    A B.C. man says he's in "disbelief" after learning he'll have to swallow the cost of replacing his SUV's engine — not once, but twice, within weeks — despite the vehicle being part of a major recall that was issued before the breakdowns. Source
  • A difficult potato harvest could bring pricier spuds to the supermarket

    Economic CTV News
    TORONTO -- Canadian potato producers left more crops in the ground this year than in any prior year on record, raising the possibility of price increases for consumers. Data released Friday by Statistics Canada shows that more than 360,000 acres of potato crops were planted this year – a 3.7 per cent increase over last year – but more than 20,000 of those acres could not be harvested. Source
  • A global coffee deficit could be in our near future, report says

    Economic CTV News
    TORONTO -- Addicted to coffee? This might be the time to either stockpile your brand of choice or start weaning yourself off of java juice, because a global coffee deficit could be just around the corner. Source
  • How Canadian clothing manufacturers are fighting back against global giants

    Economic CTV News
    MONTREAL -- Amid the whir of sewing machines, Jean-Philippe Robert surveys the floor at his parka company's newest factory on the northern edge of Montreal. Three-dozen Quartz Co. seamstresses work the cutting tables under fluorescent lights between spools of thread and trolley bins loaded with sleeves, hoods and trim. Source
  • Holiday scams to watch out for; Prepare to pay more for groceries in 2020: Marketplace consumer cheat sheet

    Economic CBC News
    Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. 4 scams to watch out for this holiday season The RCMP says the incidence of scams tends to rise in December, but we've got you covered. Source
  • Mexico, U.S., Canada trade talks continue in Washington

    Economic CTV News
    WASHINGTON -- Mexico's top trade negotiator wrapped up an 11-hour meeting with his U.S. counterpart Friday night, saying they had not finalized a new trade agreement for Mexico, United States and Canada. As he left the office of U.S. Source
  • Here's how many Canadians get a holiday bonus

    Economic CBC News
    More than 60 per cent of Canadian workers will get some kind of reward from their employer this holiday season, but for most, it won't be the kind they're looking for — money. A new survey conducted on behalf of human resources software company ADP Canada found that of the 61 per cent of workers who receive something extra from their employers this time of year, just 15 per cent get a financial bonus. Source
  • Netflix executive touts 'golden era' of streaming service

    Economic CTV News
    ALBUQUERQUE, N.M. -- An executive with Netflix says the streaming giant has boosted its original content exponentially over the last several years and that will mean more action for its production hub in New Mexico, where state officials have been busy trying to woo more big partners in the industry. Source
  • FAA seeks to fine Boeing $3.9 million for faulty jet parts

    Economic CTV News
    Safety regulators want to fine Boeing $3.9 million, saying that the company installed wing parts on 133 planes even though it knew the parts were faulty. Boeing said Friday that all the affected planes in use have been inspected and fixed. Source