CP.TO - Canadian Pacific Railway Limited

Toronto - Toronto Delayed Price. Currency in CAD
+2.14 (+0.65%)
At close: 4:00PM EST
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Previous Close329.24
Bid331.20 x 0
Ask331.26 x 0
Day's Range327.00 - 332.18
52 Week Range228.35 - 332.18
Avg. Volume287,562
Market Cap46B
Beta (5Y Monthly)1.30
PE Ratio (TTM)20.05
EPS (TTM)16.53
Earnings DateJan 21, 2020 - Jan 27, 2020
Forward Dividend & Yield3.32 (1.01%)
Ex-Dividend Date2019-09-26
1y Target Est312.95
  • Benzinga

    Canada's Transportation Safety Board Investigates Crude Train Derailment

    The Transportation Safety Board (TSB) of Canada is still investigating what caused the Dec. 9 derailment of a Canadian Pacific (NYSE: CP) unit train carrying crude oil. The accident, near Guernsey, Saskatchewan, resulted in 20 punctured tank cars that released crude oil and sparked a large fire that burned for 24 hours. Six investigators have been deployed to the site, led by Rob Johnston, a CP veteran who has served in senior roles with the TSB since 2001.

  • Reuters

    UPDATE 1-Fires from CP Rail train derailment under control -safety officials

    Fires are still burning at the site where a Canadian Pacific Railway train derailed early Monday while hauling oil, but they are under control, CP and public safety officials said on Tuesday. "The last that I have on it is that things are under control... the fire is contained in an area, there’s no concern about other tanker cars catching fire at this point,” Transport Minister Marc Garneau told reporters in Ottawa on Tuesday. Garneau said Canada's Transportation Safety Board was investigating the derailment.

  • Reuters

    UPDATE 3-Canadian Pacific crude train derails, catches fire in Saskatchewan

    A Canadian Pacific Railway train hauling oil derailed west of Guernsey, Saskatchewan, early on Monday, spilling crude and causing a fire that was expected to burn into a second night. The train derailed around midnight in the western Canadian province, and an initial assessment indicated the accident did not affect any waterways, CP spokesman Andy Cummings said in a statement. No injuries or damage to buildings occurred in the rural area, Royal Canadian Mounted Police Corporal Rob King said.

  • Benzinga

    Canadian National Wins Coal Contract From Canadian Pacific

    Vancouver-headquartered Teck Resources (NYSE: TECK) will start usingCanadian National (NYSE: CNI) to haul its coal to West Coast ports in 2021. Canadian National's (CN) competitor, Canadian Pacific (NYSE: CP), currently has a 10-year contract with Teck to transport metallurgical coal from Teck's four mining operations in British Columbia to the West Coast ports.

  • CNW Group

    Canadian Pacific focuses on customized service and increased capacity opportunities with Teck announcement

    CALGARY , Dec. 4, 2019 /CNW/ - Canadian Pacific (CP) (CP) will continue to work with Teck Resources Limited ("Teck") to develop customized service tailored to meet Teck's future shipping requirements, while maximizing the additional capacity opportunities in light of today's announcement. Earlier today, Teck announced, starting in April 2021 , it would begin moving a higher volume of coal with Canadian National via the interchange with CP at Kamloops, B.C. to the west coast. CP will continue to serve Teck at the respective originating mine sites.

  • Reuters

    Canadian Pacific locomotive engineer killed in railyard accident -union

    A Canadian Pacific Railway Ltd locomotive engineer was killed on Monday night in a railyard accident in the province of British Columbia, the union Teamsters Canada said on Tuesday. The 56-year-old father with 32 years of service was the 10th member of the Teamsters Canada Rail Conference (TCRC) to die on the job in 24 months, the union said in a statement. Rail safety and fatigue were key issues during a recent strike at Canada's largest railroad, Canadian National Railway Co , which saw about 3,200 conductors and yard workers hit picket lines to demand improved working conditions and rest breaks.

  • GlobeNewswire

    Gibson Energy and USD Announce Joint Venture to Construct DRU at Hardisty Utilizing Innovative DRUbit™ Technology and Agreement with ConocoPhillips for 50,000 bbl/d of Capacity

    US Development Group, LLC (through a wholly-owned affiliate, collectively USD) and Gibson Energy Inc. (Gibson) (GEI.TO) jointly announced today an agreement to construct and operate a diluent recovery unit (DRU) near Hardisty, Alberta, Canada. ConocoPhillips Canada has contracted to process 50,000 barrels per day of inlet bitumen blend through the DRU to be shipped by Canadian Pacific (CP) (CP.TO) (CP.TO) and Kansas City Southern Railway Company (KCS) (KSU) to the U.S. Gulf Coast.

  • Benzinga

    Canadian Pacific Breaks Grain Volume Records Again

    Canadian Pacific (NYSE: CP) hauled an all-time company record of Canadian grain and grain products in November, the company said on Dec. 2. The record volumes come as CP utilizes its 8,500-foot High Efficiency Product (HEP) train model that's being used in tandem with customer investments at grain terminals. CP has said previously that it expects that more than 20% of CP's Canadian grain volume will move using this train model by the end of the crop year in July 2020.

  • Do You Like Canadian Pacific Railway Limited (TSE:CP) At This P/E Ratio?
    Simply Wall St.

    Do You Like Canadian Pacific Railway Limited (TSE:CP) At This P/E Ratio?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at Canadian...

  • Should You Buy Canadian Pacific Railway Limited (CP)?
    Insider Monkey

    Should You Buy Canadian Pacific Railway Limited (CP)?

    Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]

  • CNW Group

    Canadian Pacific sets new record for monthly grain movements

    CALGARY , Dec. 2, 2019 /CNW/ - Canadian Pacific (CP) (CP) moved more Canadian grain and grain products in November 2019 than any month in its history. Thunder Bay is a key shipping point for Canadian grain exports, and cooperation between all members of the Thunder Bay supply chain is helping to get more grain to market. On Nov. 22 , CP held an Alberta Agriculture Round Table event at Bowden, Alta. , to discuss capacity gains in the grain supply chain, featuring CP's new 8,500-foot High-Efficiency Product (HEP) train model.

  • PR Newswire

    CP's President and CEO to address the Credit Suisse 7th Annual Industrials Conference on Dec. 4, 2019

    Canadian Pacific's (TSX: CP) (NYSE: CP) President and Chief Executive Officer, Mr. Keith Creel, will address the Credit Suisse 7th Annual Industrials Conference on Wednesday, Dec. 4, 2019 at 8:45 a.m. eastern time in Palm Beach, FL.

  • CNW Group

    CP's President and CEO to address the Credit Suisse 7th Annual Industrials Conference on Dec. 4, 2019

    CP's President and CEO to address the Credit Suisse 7th Annual Industrials Conference on Dec. 4, 2019

  • Canadian Oil Weakest in 2 Weeks as CN Rail Strike Traps Barrels

    Canadian Oil Weakest in 2 Weeks as CN Rail Strike Traps Barrels

    (Bloomberg) -- Canadian heavy oil prices weakened on Monday as a week-long rail strike forced transport terminals to take reduced volumes of crude with tanks filling up.Oil sands-benchmark Western Canadian Select’s discount to West Texas Intermediate futures grew 35 cents to $19.25 a barrel, the widest since Nov. 11, data compiled by Bloomberg show. Prices weakened as a strike of about 3,200 workers at Canadian National Railway Co. neared its second week, disrupting commodities shipments.The labor action is taking an increasingly heavy toll on the Canadian economy. The world’s biggest fertilizer producer, Nutrien Ltd., said Monday that it would curtail production at its largest potash mine due to the strike and shut the facility for two weeks on Dec. 2. Inter Pipeline Ltd. said it may have to shut its Redwater fractionator if rail services aren’t restored.The Teamsters Canada Rail Conference union, which has been without a contract since July, says that CN wants to make it more difficult to take time off and make employees work longer hours. On Monday it realeased what it said was a recording CN supervisor telling fatigued workers to continue working. CN said it was looking into the recording.The strike has hit hard at Canadian oil, the country’s biggest export.Altex Energy Ltd. filled all the rail tanker cars on site but is still taking oil from producers at reduced volumes, John Zahary, chief executive officer, said on Monday. The company’s CN-serviced terminals in Western Canada, including Lashburn, Lynton, Unity and Falher, have about 200,000 barrels of storage.“We will be full in a couple of days,” Zahary said by text.CN said Friday a “small pool of qualified managers” allow the company to fulfill about 10% of normal services. Some oil and other commodities are moving on larger trains, operating with limited-sized crews, according to a person familiar.Western Canadian oil companies must rely on shipping some oil by rail after pipelines filled to capacity nearly two years ago. CN moved 180,000 barrels a day in September, making up more than half of Canada’s total crude-by-rail exports that month. Alberta’s government has been seeking to encourage rail usage by exempting oil shipped on trains from production limits imposed on the province’s biggest companies early this year to alleviate a glut caused by too few pipelines.Not all oil companies are equally affected by the strike. Imperial Oil Ltd. owns one of Western Canada’s largest terminals near Edmonton, Alberta. The majority of the oil they ship by rail goes on the Canadian Pacific Railway Ltd. sytem, not CN’s, said spokesman Jon Harding. Cenovus Energy Inc.’s Bruderheim terminal is also served by CP and CN. The Hardisty terminal of USD Group Llc. and Gibson Energy Inc. is served by CP.(Adds Nurtien, Inter Pipeline details in third paragraph; adds additional context in fourth and last paragraph)\--With assistance from Jacqueline Thorpe, Kevin Orland and Sandrine Rastello.To contact the reporter on this story: Robert Tuttle in Calgary at rtuttle@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Catherine TraywickFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Benzinga

    Canadian Pacific To Build New Transload Terminal In Montreal

    Canadian Pacific (NYSE: CP) plans to construct a new multi-commodity transload terminal near Montreal as part of its wider plans to reach eastern markets that are not very rail accessible. CP will work with TYT Group, a freight transportation service provider headquartered in Quebec, to develop transload services and logistics offerings to customers in eastern Canada, including urban areas and those without direct access to rail. TYT Group will operate the terminal, which will be located nearby CP's Côte Saint-Luc yard in Montreal.

  • PR Newswire

    CP extending its reach with new Montreal multi-commodity transportation and distribution terminal; TYT Group to operate it

    CALGARY, Nov. 22, 2019 /PRNewswire/ - Canadian Pacific (CP) (CP) is leveraging its unique real estate holdings in establishing a new multi-commodity transload terminal that offers transportation and distribution services from CP's existing and strategically located Côte Saint-Luc yard in Montreal. In close collaboration with TYT Group, a proven Quebec-based freight transportation service provider, the transload terminal will offer reliable multi-commodity transload services and logistics solutions to customers in key urban centres along the east coast, helping further extend CP's reach to markets not directly served by rail. "We continue to leverage our strategic land holdings and invest in transloads across the network to create additional connections, improve service and provide our customers with new end markets," said John Brooks, CP Executive Vice-President and Chief Marketing Officer.

  • Benzinga

    Canadian Pacific Acquiring Central Maine & Quebec

    Canadian Pacific (NYSE: CP) will be acquiring short line Central Maine & Quebec Railway (CMQ) in a deal that CP hopes will boost its footprint in the Eastern U.S. and establish a coast-to-coast network in Canada, the railway said on Nov. 20. CMQ has 481 miles of rail lines in Quebec and Maine, and it has access to the ports at Searsport, Maine, and Saint John, New Brunswick, via the short lines Eastern Main Railway and New Brunswick Southern Railway.

  • PR Newswire

    CP to acquire Central Maine & Quebec Railway from FTAI

    CALGARY and NEW YORK, Nov. 20, 2019 /PRNewswire/ - Canadian Pacific (CP) (CP) and Fortress Transportation and Infrastructure Investors LLC (FTAI) announced they have entered into a definitive agreement whereby CP will acquire the Central Maine & Quebec Railway ("CMQ"). CMQ owns 481 miles (774 kilometres) of rail lines primarily in Quebec and Maine. The end-to-end transaction will provide CP customers with seamless, safe and efficient access to ports at Searsport, Maine and to Saint John, New Brunswick, via Eastern Maine Railway Company (EMRY) and New Brunswick Southern Railway (NBSR), thereby preserving and enhancing competition.

  • PR Newswire

    Canadian Pacific Chooses BlackBerry Radar to Enhance Chassis Visibility

    WATERLOO, Ontario, Nov. 20, 2019 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) announced today that Class 1 railway, Canadian Pacific (CP) (NYSE: CP; TSX:CP) is deploying BlackBerry Radar across 2,000 of its domestic intermodal chassis. With the deployment of the BlackBerry Radar asset monitoring solution, CP will have rich data on their chassis providing enhanced visibility to their operations as well as to the supply chain. "We're thrilled that CP has chosen BlackBerry Radar to improve the transparency and overall efficiency of their operations," said Christopher Plaat, SVP and GM of BlackBerry Radar.

  • GuruFocus.com

    TCI Fund Bulks Up on Alphabet in 3rd Quarter

    A look at Christopher Hohn's market-beating hedge fund Continue reading...