CN Rail cuts earnings outlook in signal the economy is slowing

CN cut its earning outlook for 2023 because of weakening demand for consumer goods and other products. Read more

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The Montreal-based company reported revenue of $4.06 billion in the second quarter, down 7 per cent and missing analysts’ estimates. Earnings fell 9 per cent on an adjusted basis to $1.76 per share, or 4 cents below the consensus of analysts surveyed by Bloomberg.

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