$CNI

Stifel analyst Daryl Young upgraded Canadian National Railway (CNR) and Canadian Pacific Kansas City (CP) to 'buy', citing improving rail industry conditions and strong growth prospects. He set price targets of $200 for CNR and $150 for CP, above consensus estimates. Desjardins analyst Aditya Gupta initiated IGM Financial (IGM) with a 'buy' rating, highlighting potential value from its Wealthsimple stake and strong capital position.

CCT Auto Trans acquired Livingston Vehicle Transportation Services (VTS), expanding its car haul coverage in Canada. VTS operates a large vehicle-hauling network with seven locations and partners with Canadian National (CNI). The deal positions CCT as the only company in Canada offering open, enclosed, and rail vehicle transport. Financial terms were not disclosed.

Large-cap indices like the S&P 500 and Nasdaq Composite reached near-record highs, while the Russell 2000 small-cap index declined. Key companies reported developments: Alimentation Couche-Tard (TSX: ATD) announced an asset acquisition, RTX (NYSE: RTX) secured a $6.3B contract, SAP SE (NYSE: SAP) agreed to acquire TechWolf, Canadian National Railway (TSX: CNR, NYSE: CNI) set a grain movement record, and Eli Lilly (NYSE: LLY) gained FDA approval for Jaypirca.

Nasdaq and S&P 500 held weekly gains, while Dow and Russell 2000 declined. RTX secured a $24.4B contract for SM-6 interceptors. Eli Lilly's Jaypirca got FDA approval for new indication. SAP to acquire TechWolf for AI work intelligence. IBM faces investigation over Q2 results. CNR set a grain movement record.

Citi analyst Ariel Rosa sees a favorable risk-reward setup in North American transportation stocks ahead of Q3 earnings, citing recent declines and positive company outlooks. He upgraded XPO to Buy and adjusted price targets for CNI, CP, and TFII. Desjardins analyst Jerome Dubreuil notes Canadian telecoms face challenges from low growth and AI shopping agents, but sees pricing discipline as encouraging.

CN (TSX: CNR, NYSE: CNI) reported a new quarterly record for grain movement, transporting 7.94 million metric tonnes from Western Canada. The company attributes this to strong demand and operational efficiency. CN also released its 2026-2027 Winter Plan to maintain service reliability.

CN (TSX: CNR, NYSE: CNI) will release its Q3 2026 financial and operating results on October 30, 2026, before market open. A conference call and webcast will follow at 8:30 a.m. ET, led by CEO Tracy Robinson. The company transports over 300 million tons of goods annually across North America.

Diesel prices hit historic highs, averaging $2.64 per litre, up 59% since the Iran war. Supply disruptions from the Strait of Hormuz closure have reduced output for seven months. Experts predict higher consumer prices for goods. Canadian National Railway and Canadian Pacific Kansas City report 73% higher freight railway fuel surcharges. Industry leaders say costs are being passed to consumers.

Analyst Cameron Doerksen upgraded Canadian National Railway (CNR) and Canadian Pacific Kansas City (CP) citing strong volume growth, though U.S. trade policy poses a small headwind. CNR's revenue ton miles rose 4.6% YoY, while CP saw a 6.4% increase. Doerksen prefers CP over CN due to superior growth outlook. RBC analyst Michael Harvey initiated coverage of Spartan Delta (SDE) with an outperform rating, citing its premium land position and strong management.

Canadian National Railway (CNI) and Amtrak agreed to an 8-year deal resolving a long-standing dispute over Amtrak services on CN lines. The pact includes a revised performance payment system aligned with FRA standards and plans to equip trains with OSEs. CNI shares closed at $119.49, down 1.87%.