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CN Rail dividend increasing 25 per cent as Q4 profit surges to $844 million

2015-01-28 02:39:50| Railroads - Topix.net

Canadian National Railway is raising its quarterly dividend by 25 per cent as the country's largest railway says it expects to profit from the growing U.S. economy and a weaker loonie that should boost Canadian exports. Chief executive Claude Mongeau said CN expects to increase its profits by more than 10 per cent in 2015 despite the uncertainty over lower oil prices and challenges facing the global economy.

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