Winnipeg Free Press By: Ross Marowits, The Canadian Press Posted:
Last Modified: 5:21 PM CST Wednesday, Jan. 27, 2021
Canadian Pacific Railway Ltd. is optimistic about 2021 after concluding a record year with net profits surging nearly 21 per cent in the fourth quarter despite softer revenues.
Canadian Pacific Rail locomotives sit idle at the company s Port Coquitlam yard east of Vancouver, B.C., on May 23, 2012. Canadian Pacific Railway Ltd. says it will seek shareholder and regulatory approval for a five-for-one split of its common shares. THE CANADIAN PRESS/Darryl Dyck
Canadian Pacific Railway Ltd. is optimistic about 2021 after concluding a record year with net profits surging nearly 21 per cent in the fourth quarter despite softer revenues.
Canadian Pacific Railway announces five-for-one stock split, share repurchase program - Business News
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Canadian Pacific Railway announces five-for-one stock split, share repurchase program
by The Canadian Press
Last Updated Jan 27, 2021 at 12:14 pm EDT
CALGARY Canadian Pacific Railway Ltd. says it will seek shareholder and regulatory approval for a five-for-one split of its common shares.
Keith Creel, CP’s president and CEO, says the railway believes the share split will encourage greater liquidity for CP’s shares by making them available to a wider group of investors.
Shareholders are scheduled to vote on the proposed split on April 21.
If approved, shareholders will be entitled to four additional shares for each share held, on a date that is still to be determined.
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Waiting for a solution to the issue of rail delays in Saskatoon feels like being a motorist paused at a railway crossing for a train so long you can’t see the end.
Luckily, we have lots of entertainment to pass the time.
During the fall election campaign, former mayor Don Atchison resuscitated the pitch from his unsuccessful 2016 bid that rail relocation could be achieved by Saskatoon city hall.
He added a ridiculous twist this time by claiming that only his personal magnetism could convince Canadian Pacific Railway Ltd. to spend close to $600 million to move train tracks outside the city.