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Stock Market & Financial Investment News

News Breaks
March 22, 2013
14:10 EDTCNICanadian National sells rail line segment for C$52.5M
CN closed the sale of a segment of rail line principally used by GO Transit commuter trains in the Oakville-Burlington, Ont., area west of Toronto to Metrolinx for C$52.5M. Metrolinx already owns the Lakeshore line from Oakville to Toronto Union Station. CN will retain freight operating rights over the line segment sold to Metrolinx, it said.
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September 18, 2014
07:22 EDTCNICanadian National fined for missing grain quota, Globe and Mail reports
The Canadian government is imposing its first monetary penalty under the recently passed Fair Rail for Grain Farmers Act, fining Canadian National Railway for failing to move its required minimum amount of grain each week, said The Globe and Mail, which noted that a CN spokesman said the company had not been informed by the government about the fine. Reference Link

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