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Stock impact report

Losses on Alberta oil-by-rail deal prompt questions [Toronto Globe and Mail (Ontario, Canada)]

Canadian Pacific Kansas City Limited Common Shares (CP) 
Last canadian pacific kansas city limited common shares earnings: 4/21 04:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.cpr.ca/financials/default.aspx
Losses on Alberta oil-by-rail deal prompt questions Crude oil and other petroleum products are transported in rail tanker cars on a Canadian Pacific Railway train near Medicine Hat, Alta., on Sept. 6, 2018. Larry MacDougal/STRLMD Crude oil and other petroleum products are transported in rail tanker cars on a Canadian Pacific Railway train near Medicine Hat, Alta., on Sept. 6, 2018. The Alberta government is less than halfway through offloading a series of oil-by-rail contracts from its books onto the private sector, a process it was planning to have done by the end of March, the month after Canadian crude exports via rail hit a record high. Since then, those shipments have plummeted. The province has already paid $866-million to the private sector to offload the contracts, signed as part of a $3.7-billion deal in February, 2019, under the then-NDP government. Alberta’s fiscal update Thursday earmarked another $1.25-billion to cover the cost of divesting the rest of the contracts. T Show less Read more
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