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Stock impact report

CANADA STOCKS-TSX loses winning streak as railroad shares slide [Yahoo! Finance]

Canadian National Railway Company (CNI) 
Last canadian national railway company earnings: 4/27 04:01 pm Check Earnings Report
US:NYSE Investor Relations: cn.ca/en/investors
Company Research Source: Yahoo! Finance
10-year yield climbs to a 5-month high (Updates at market close) By Fergal Smith April 24 (Reuters) - Canada's main stock index fell on Wednesday, including declines for railroad shares, as long-term borrowing costs climbed and retail sales data added to evidence of a slowdown in the domestic economy. The Toronto Stock Exchange's S&P/TSX composite index ended down 138 points, or 0.6%, at 21,873.72, its first decline in six sessions. "Markets looks pretty good right now, but the big backdrop that everyone's still concerned about is bond yields", said Greg Taylor, chief investment officer at Purpose Investments. The Canadian 10-year yield touched its highest level since Nov. 14 at 3.834%. Still, the Bank of Canada is expected to begin cutting interest rate ahead of the Federal Reserve as a slowdown in the domestic economy helps cool inflation. Canadian retail sales fell 0.1% in February, the second straight month of declines, led by a drop in sales at gasoline stations an Show less Read more
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