CP.TO - Canadian Pacific Railway Limited

Toronto - Toronto Delayed Price. Currency in CAD
306.72
-3.43 (-1.11%)
At close: 4:18PM EDT
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Previous Close310.15
Open310.86
Bid306.52 x 0
Ask306.53 x 0
Day's Range306.00 - 312.33
52 Week Range228.35 - 323.71
Volume577,235
Avg. Volume280,075
Market Cap42.504B
Beta (3Y Monthly)1.20
PE Ratio (TTM)18.66
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield3.32 (1.07%)
Ex-Dividend Date2019-09-26
1y Target EstN/A
  • India Is Planning a Huge China-Style Facial Recognition Program
    Bloomberg

    India Is Planning a Huge China-Style Facial Recognition Program

    (Bloomberg) -- India is planning to set up one of the world’s largest facial recognition systems, potentially a lucrative opportunity for surveillance companies and a nightmare for privacy advocates who fear it will lead to a Chinese-style Orwellian state.Prime Minister Narendra Modi’s government will open bids next month to build a system to centralize facial recognition data captured through surveillance cameras across India. It would link up with databases containing records for everything from passports to fingerprints to help India’s depleted police force identify criminals, missing persons and dead bodies.The government says the move is designed to help one of the world’s most understaffed police forces, which has one officer for every 724 citizens -- well below global norms. It also could be a boon for companies: TechSci Research estimates India’s facial recognition market will grow sixfold by 2024 to $4.3 billion, nearly on par with China.But the project is also ringing alarm bells in a nation with no data privacy laws and a government that just shut down the internet for the last seven weeks in the key state of Kashmir to prevent unrest. While India is still far from implementing a system that matches China’s ability to use technology to control the population, the lack of proper safeguards opens the door for abuses.“We’re the only functional democracy which will set up such as system without any data protection or privacy laws,” said Apar Gupta, a Delhi-based lawyer and executive director of the Internet Freedom Foundation, a non-profit group whose members successfully lobbied the government in 2015 to ensure net neutrality and reject platforms like Facebook Inc.’s Free Basics. “It’s like a gold rush for companies seeking large unprotected databases.”Black MarketA draft data protection bill presented to the government last year still hasn’t been approved by the cabinet or introduced into parliament. The country has already had problems implementing Aadhaar, one of the world’s biggest biometric databases linking everything from bank accounts to income tax filings, which been plagued by reports of data leaks and the growth of a black market for personal information.So far, not much is known about which companies might bid on the facial-recognition system. Minutes of a meeting with potential bidders, obtained by the Internet Freedom Foundation through a right to information request, showed unidentified companies sought clarifications on integrating facial recognition data with state databases and whether it should be able to identify people with plastic surgery.Vasudha Gupta, a spokeswoman for the Home Ministry, didn’t respond to an email seeking comments about the system.For some in the police force, the system will be an essential tool to fight crime if implemented properly. India has seen more than 100 terrorist attacks in the last three decades, including one on luxury hotels and a train station in Mumbai that killed 166 people in 2008.‘Powerful Tool’Nilabh Kishore, who headed a unit fighting organized crime in the state of Punjab until last year, had success against gangsters after he set up a system linking data from police stations across the state.“A system that can identify criminals is invaluable -- facial recognition is a powerful tool,” said Kishore, who is now deputy inspector general of the Indo-Tibetan Border Police. “But human intentions are also very important. You can make the best of technology, but if human intentions are wrong it can be a tool for misuse.”That’s particularly a worry for vulnerable minority groups that have long faced discrimination in India. Lower castes and tribals account for about a quarter of the population but constitute 34% of India’s prisoners, according to the National Dalit Movement for Justice.In January, the Delhi High Court said it was “unacceptable“ that facial recognition had not helped trace any of the 5,000 children missing from the city in three years. Earlier this month, photos and phone numbers from a Madurai city police facial recognition database in the southern state of Tamil Nadu were leaked online.Surveillance ThreatThe threat of foreign spying is also persistent. Last month a federal government think tank criticized the local administration in Delhi for hiring the Indian arm of Chinese firm Hikvision to set up 150,000 CCTVs, saying the move could spur illegal hacking and data leaks to the Chinese government.Foreign surveillance companies operating in India include CP Plus, Dahua, Panasonic Corp., Bosch Security Systems, Honeywell International Inc., and D-Link India Ltd. Many Indian companies won’t be able to bid on the facial-recognition system because the current tender requires them to meet standards established by the U.S. National Institute of Science and Technology, according to Atul Rai, chief executive officer of Staqu Technologies, an Indian startup.Rai, whose company has developed facial recognition for eight local police forces, said India doesn’t have the same quality cameras as China -- making it harder to meet the goal of being able to identify any person with an integrated system. He also said it would be more difficult to implement a national network in India because state governments are responsible for law and order under its constitution.“But if this one happens in line with the government’s plan, it should be a China-like system,” Rai said. “Any powerful country wants to be like China when it comes to using technology to monitor people -- even western countries.”\--With assistance from Santosh Kumar.To contact the reporter on this story: Archana Chaudhary in New Delhi at achaudhary2@bloomberg.netTo contact the editor responsible for this story: Ruth Pollard at rpollard2@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Barrons.com

    Railroad Stocks Could Struggle as Challenges Mount

    Cost-cutting is boosting profits for North American railroads, but declining freight volumes and increasing competition from truckers may pull the brakes on growth.

  • Benzinga

    Canadian Railways, Government Have Big Plans For Vancouver And Prince Rupert

    Canadian National (NYSE: CNI ) and Canadian Pacific (NYSE: CP ), as well as the Canadian government, are investing millions of dollars in infrastructure improvements to support anticipated volume growth ...

  • Should We Be Delighted With Canadian Pacific Railway Limited's (TSE:CP) ROE Of 32%?
    Simply Wall St.

    Should We Be Delighted With Canadian Pacific Railway Limited's (TSE:CP) ROE Of 32%?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Benzinga

    Canadian Grain Producers Eye Port Congestion, Winter Conditions

    "It's tough to know how things will shake," said Greg Northey, vice president of corporate affairs for Pulse Canada, a trade group representing producers and traders of dry beans, chickpeas and lentils. For now, the railways are anticipating high grain volumes this year, in line with volume highs from the previous year. In the 2019-20 crop year, which began Aug. 1 and runs through July 31 in Canada, wheat production is expected to rise to 33.3 million metric tonnes (mmt), compared with 31.8 million in 2018-19, according to the U.S. Department of Agriculture's latest monthly grain supply and demand report.

  • The TCI Fund With 18% Annual Returns Is Worth Following
    GuruFocus.com

    The TCI Fund With 18% Annual Returns Is Worth Following

    A look at one of the world's best-performing hedge funds Continue reading...

  • Canadian Pacific Railway (TSE:CP) Has A Pretty Healthy Balance Sheet
    Simply Wall St.

    Canadian Pacific Railway (TSE:CP) Has A Pretty Healthy Balance Sheet

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

  • GuruFocus.com

    Bill Ackman Betting on Berkshire

    A review of the guru's investment case Continue reading...

  • Benzinga

    Canada Invests Over $100 Million In Rail-Related Infrastructure Projects

    Federal agency Transport Canada and Minister of Transport Marc Garneau have made a string of rail-related infrastructure funding announcements in recent weeks. The C$2 billion National Trade Corridors' Fund "is a useful program as traffic, both international and domestic is growing," said Bob Ballentyne, president of the Freight Management Association of Canada.

  • Calculating The Fair Value Of Canadian Pacific Railway Limited (TSE:CP)
    Simply Wall St.

    Calculating The Fair Value Of Canadian Pacific Railway Limited (TSE:CP)

    In this article we are going to estimate the intrinsic value of Canadian Pacific Railway Limited (TSE:CP) by...

  • Benzinga

    Canadian Pacific Smashes Grain Volume Records In 2018-2019

    Canadian Pacific (NYSE: CP) reached an all-time record in shipping grain volumes in the 2018-2019 crop year, the company said on August 1. The railway hauled 26.8 million metric tonnes of grain and grain products in the crop year that ran from August 1, 2018 to July 31, 2019. Canadian Pacific also reached an all-time monthly record in April when it moved 2.6 million metric tonnes.

  • Benzinga

    Canadian Pacific Railway Joins Blockchain In Transport Alliance

    Canadian Pacific Railway (NYSE: CP) has joined the Blockchain in Transport Alliance (BiTA). In joining the Alliance, CP is supporting BiTA's mission of producing blockchain  standards that allow for interoperability between participants in the global supply chain. Blockchain is an open, extensible platform capable of sharing shipping events, messages and documents across all the actors and systems in the supply chain ecosystem.

  • Canadian National Railway profit beats on higher crude, grain shipments
    Reuters

    Canadian National Railway profit beats on higher crude, grain shipments

    Revenue in the petroleum and chemicals segment, including crude-by-rail shipments, rose about 25% in the second quarter, while revenue in the grain and fertilizers unit rose 8.4%. CN's U.S.-listed shares were up 2.4% at $93.30 after the bell. Pipeline congestion has helped crude by rail shipments recover recently, despite narrower differentials between U.S. and Canadian crude after Alberta government's mandated crude production cuts.

  • Reuters

    UPDATE 3-Canadian National Railway profit beats on higher crude, grain shipments

    Canadian National Railway Co beat analysts' estimates for quarterly adjusted profit on Tuesday, as the country's largest railroad operator shipped higher volumes of crude, refined petroleum products and grains. Revenue in the petroleum and chemicals segment, including crude-by-rail shipments, rose about 25% in the second quarter, while revenue in the grain and fertilizers unit rose 8.4%. CN's U.S.-listed shares were up 2.4% at $93.30 after the bell.

  • Are Canadian Pacific Railway Limited’s (TSE:CP) High Returns Really That Great?
    Simply Wall St.

    Are Canadian Pacific Railway Limited’s (TSE:CP) High Returns Really That Great?

    Today we'll look at Canadian Pacific Railway Limited (TSE:CP) and reflect on its potential as an investment. To be...

  • Benzinga

    U.S. Rail Volumes Continue To Slip

    Year-to-date U.S. rail volumes fell for the week ending July 13, according to data from the Association of American Railroads. U.S. rail traffic totaled 14.45 million carloads and intermodal units year-to-date, a 3.3 percent decrease compared with the same period in 2018. Of this, U.S. carloads totaled 7.03 million carloads, down 3.1 percent, while U.S. intermodal containers and trailers totaled 7.42 million units, down 3.5 percent.

  • Thomson Reuters StreetEvents

    Edited Transcript of CP.TO earnings conference call or presentation 16-Jul-19 1:30pm GMT

    Q2 2019 Canadian Pacific Railway Ltd Earnings Call

  • Union Pacific Earnings Beat After CSX Flops, Canadian Pacific Tops
    Investor's Business Daily

    Union Pacific Earnings Beat After CSX Flops, Canadian Pacific Tops

    Union Pacific earnings topped views early Thursday after CSX earnings fell short and and Canadian Pacific Railway earnings beat on Tuesday.

  • [video]These Rail Cos. Are on Track for Precision Systems
    TheStreet.com

    [video]These Rail Cos. Are on Track for Precision Systems

    We examine how well each major player is trimming fat and improving efficiency on its business amid a potential slowdown.

  • TheStreet.com

    Railroad Stocks to Ride as CSX Results Promote a Sectorwide Slide

    CSX Corp.'s not-so-strong second-quarter earnings results are carrying its peers downward on Wednesday, but analysts advise this reaction is creating an opportune moment to be buying. Shares of the overall sector have slid in Wednesday's pre-market, producing moderate declines in Union Pacific , Kansas City Southern , Canadian Pacific Railway and Norfolk Southern due to CSX's disappointing results on Tuesday evening. Only Canadian National Railway has managed to keep its stock flat as the fears of macro pressures persist.

  • Benzinga

    Canadian Pacific Eyes Macroeconomic Environment For Remainder Of 2019

    Canadian Pacific's (NYSE: CP) is willing to cut costs in the second half of 2019 should macroeconomic factors put pressure on demand for rail service, company executives said on July 16 during the railroad's second quarter earnings call. "We continue to watch the demand environment closely, and should the macro environment change, we'll continue to adapt our costs base quickly," said CP chief financial officer Nadeem Velani.

  • Canadian Pacific Railway Limited (CP) Q2 Earnings Conference Call Transcript
    Motley Fool

    Canadian Pacific Railway Limited (CP) Q2 Earnings Conference Call Transcript

    CP earnings call for the period ending June 30, 2019.

  • Benzinga

    Canadian Pacific Chugs Higher On Q2 Earnings Beat

    Canadian Pacific Railway (NYSE: CP ) on Tuesday reported second-quarter earnings of $4.30 per share, which beat the analyst consensus estimate of $3.20. This is a 74.8% increase over earnings of $2.46 ...