Investing with top performing managers after a great run is probably a bad idea, according to a new study of long-term hedge fund performance.» Read More
*Quarterly earnings per share C $1.44 vs C $1.41 estimate. CP shares jumped 6 percent to C $173.83 on the Toronto Stock Exchange in early morning trading.
*First-quarter earnings per share C $1.44 vs est C $1.41. Canada's second-largest railroad said net earning rose to C $254 million, or C $1.44 per share, in the quarter ended March 31, from C $217 million, or C $1.24 per share, a year earlier. Analysts on average had expected earnings of C $1.41 per share on revenue of C $1.51 billion, according to Thomson Reuters I/B/E/S.
With the wipeout in growth stocks, many investors turned their attention to big-cap and value names, and the trend is expected to continue.
Gold in particular has fallen from more than $1,500 an ounce in early 2013 to briefly below $1,200 at the start of this year. "We're not expecting miraculous numbers," said Elvis Picardo, strategist and vice president of research at Global Securities in Vancouver.
TORONTO, April 4- Canada can move faster than the United States to stop the use of older rail tanker cars to carry crude oil, Transport Minister Lisa Raitt said on Friday, adding Ottawa is under pressure after last July's fiery derailment in Quebec that killed 47 people.
OTTAWA, April 3- Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada's second-largest rail operator said on Thursday.
TORONTO, March 25- Canadian National Railway Co will phase out its fleet of 183 older tank rail cars used to transport diesel fuel over the next four years, as it works to improve safety following a string of industry accidents involving the puncture-prone cars.
WINNIPEG, Manitoba, March 20- Thick ice on Eastern Canada waterways will hamper efforts to clear a massive crop backlog, with Port of Thunder Bay, Ontario, likely to open at least a week later than usual this spring, its chief executive said on Thursday.
March 11- Canadian Pacific Railway, the country's second-largest rail operator, said on Tuesday it will buy back up to 5.3 million shares, or about 3 percent of its total outstanding shares, over the next year.
March 11- Canadian Pacific Railway, the country's second-largest railroad, said it would buy back up to 5.3 million shares, or about 3 percent of its total outstanding shares, over the next year. Canadian Pacific shares closed at C $171.30 on Monday on Toronto Stock Exchange, valuing the buyback program at about C $903 million.
WINNIPEG, Manitoba/ OTTAWA, March 7- Canada's government took the drastic step on Friday of forcing the country's two major rail companies to ship at least 500,000 tonnes of grain each a week to ease a massive backlog that is hurting farmers.
WINNIPEG, Manitoba, March 7- Canada's government said on Friday it would force major rail companies to ship at least 500,000 tonnes of grain each a week to help deal with a massive backlog that is hurting farmers.
BNSF Railway plans to buy its own fleet of up to 5,000 new crude oil tank cars with safety features that exceed the latest industry standards.
The "Fast Money" traders share their final trades of the day.
William Ackman's flagship Pershing Square fund posted gains in November and the year, even as Herbalife lost more money.
Hundreds of thousands of barrels of oil a day will move from western Canada into the U.S., even if the Keystone XL Pipeline is never built.
Nearly two months after activist investor Bill Ackman took a $2.2 billion stake in Air Products, the company is searching for a new CEO.
Activist investors are back. A whole new generation of cage-rattlers are taking on some of the world's biggest corporations.
Bill Ackman seems to have more than his fair share of enemies. And Cramer thinks they’re about to gang up on him.
William Ackman's firm Pershing Square Capital Management has acquired a 9.8 percent position in $22 billion industrial gas company Air Products & Chemicals.