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Both Canadian National Railway and Canadian Pacific Railway have seen revenues, profits and carloads slump over the past year amid economic weakness in Canada and the United States. (Jeff McIntosh/The Canadian Press)
Both Canadian National Railway and Canadian Pacific Railway have seen revenues, profits and carloads slump over the past year amid economic weakness in Canada and the United States. (Jeff McIntosh/The Canadian Press)

Trump presidency, grain crop hold seeds of hope for Canadian railways Add to ...

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Canada’s two major railways are counting on a big grain crop and a Trump presidency to lift them out of the doldrums.

Keith Creel, chief operating officer of Canadian Pacific Railway Ltd., lauded U.S. president-elect Donald Trump’s promises of lower corporate taxes and a trillion-dollar infrastructure-spending spree as good for the Calgary-based railway.

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