OTTAWA, April 30 (Reuters) - Canada's sluggish economy unexpectedly shrank in February as bad weather hurt rail shipments of key commodities, Statistics Canada said on Tuesday, but analysts predicted a modest recovery in March. Statscan said February gross domestic product fell by 0.1 percent. Analysts in a Reuters poll had expected no change from January,…
Posts published in “Day: April 30, 2019”
(Compares with estimates, adds first-quarter details, share move) April 29 (Reuters) - Canadian National Railway Co reported a 6 percent rise in quarterly profit on Monday, as it transported higher volumes of petroleum and chemical products. U,S,-listed shares of the company rose 2.1 percent in after-hours trading. The company's net income rose to C$786 million,…
(Adds CEO quote, comment from analyst call, background) April 29 (Reuters) - Canadian National Railway Co on Monday became the latest railroad operator to blame higher operating expenses due to prolonged extreme cold weather for a lower-than-expected quarterly profit. Rail traffic in Canada was dented by a severe winter, forcing rail operators to cease work.…