$CP

BNSF, CPKC, and CSX seek to depose five Union Pacific executives regarding its planned acquisition of Norfolk Southern Railway, according to MLex.

CN Railway (CNI) and Canadian Pacific Kansas City (CP) reported new August records for grain shipments, continuing from a record-setting previous crop year.

Fiera Capital's founder bought 52,000 shares for $220,000. CPKC executives sold shares, with COO Mark Redd netting over $1.4M. CPKC shares hit a record high of $96.69. CCL Industries executives sold shares, with proceeds exceeding $679,000. Exchange Income's chairman sold 5,000 shares for over $652,000.

Canada's top TSX exporters, including Royal Bank, Enbridge, Suncor, and Teck Resources, face new 50% U.S. tariffs on C$20B of goods. Canada plans retaliation. Banks, energy, and materials sectors are most exposed, with companies reporting significant U.S. revenue and market volatility. Some banks rallied despite tariffs, while oil prices fell.

Canadian Pacific Kansas City (CPKC) announced that the International Brotherhood of Electrical Workers (IBEW) has agreed to binding arbitration, ending a strike that began on May 31. The resolution follows negotiations between the company and the union.

Canadian Pacific Kansas City (CP) reported Q2 2026 earnings of $1.27 per share, beating estimates by $0.03, and revenue of $4.16B, exceeding expectations by $0.04B. Grain revenue surged 24% and free cash flow doubled to $1B, despite a 53% increase in fuel costs. The company's Precision Scheduled Railroading strategy improved operational efficiency.

President Trump paused new 50% U.S. tariffs on Canadian goods, potentially benefiting Magna International (MGA), Constellation Brands (STZ), and Canadian Pacific Kansas City (CP). MGA reported strong Q2 earnings, STZ faces input cost pressures, and CP saw revenue growth. A deal could reduce tariffs, impacting these companies' costs and volumes.

Canadian Pacific Ltd. said it will mail an arrangement circular to shareholders starting Aug. 21 for its proposed reorganization. The Toronto Stock Exchange will start when-issued trading of five new public companies at 9:30 a.m. EST, with NYSE trading around the same time. Share counts and exchange ratios are set, and rights plans trigger at 10% ownership (or 20% for PanCanadian).

Canadian Pacific Kansas City reported Q2 2026 revenue of CA$4,164 million and net income of CA$1,024 million, and declared a CA$0.268 quarterly dividend payable Oct. 26, 2026. The company completed a buyback of about 16.59 million shares for about CA$1.94 billion and announced a board leadership transition from Chair Isabelle Courville to Gordon Trafton.

Canadian Pacific Kansas City (NYSE: CP) reported Q2 2026 results on an earnings call. Revenue rose to $4.2B (+13%) and core adjusted diluted EPS to $1.27 (+13%). Volume (RTMs) increased 4% and core adjusted operating ratio was 61.6%. Free cash flow was $1.3B for 1H 2026 (+25%), with a $2.65B capex target for 2026.