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CN says railway can withstand Trump tariffs, expects to rebound in 2025

  • Canadian National Railway Co. Experienced a 21% profit drop in 2024 but expects recovery in 2025, regardless of U.S. President Donald Trump's tariff threats.
  • The Bank of Canada warned that 25% tariffs could cause a recession and increase inflation within a year.
  • Fourth-Quarter profits fell 46% to $1.15 billion, with revenues decreasing 3% to $4.36 billion year-over-year.
  • CEO Tracy Robinson stated that the tariffs' impact won't cause a significant recession in Canada or major inflation in the U.S.
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crestonvalleyadvance.cacrestonvalleyadvance.ca
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CN says railway can withstand Trump tariffs, expects to rebound in 2025

Canada’s largest railway saw fourth-quarter profits fall by nearly half year over year

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  • 92% of the sources lean Left
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Saskatoon Star Phoenix broke the news in Saskatoon, Canada on Friday, January 31, 2025.
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