Skip to content
Subscriber Only

Canada Rail Stocks Reach Record as Profits Beat Estimates

Canadian Pacific Railway Ltd. and larger rival Canadian National Railway Co. surged to record highs after the companies reported third-quarter earnings that beat analysts’ estimates.

Shares of Canadian Pacific closed up 10 percent to C$148.53 in Toronto, the highest since the railway was spun off from its parent in 2001. Canadian National increased 4.4 percent to C$114.59, a record closing price since the company’s initial public offering in 1995.