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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Full steam ahead despite looming tariffs and trade war, say heads of Canada's major railways
The heads of Canada's two largest railways say they can handle any fallout if United States President Donald Trump follows through on his threats to impose tariffs on Canadian and Mexican exports to the U.S.
·Saskatoon, Canada
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Leaning Left11Leaning Right1Center0Last UpdatedBias Distribution92% Left
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