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Posts published in “Day: October 4, 2018”

UPDATE 2-Canadian Pacific’s 3rd-quarter profit beats estimates on shipments surge

surge@ (Adds CEO comment, share price) Oct 4 (Reuters) - Canadian Pacific Railway Ltd's third-quarter profit beat Wall Street expectations on a surge in shipments, prompting it to raise its full-year earnings forecast, Canada's No.2 railroad operator said on Thursday. Rail capacity in Canada has been tight as rising crude production outstrips pipeline capacity and…