The Financial Post reports in its Saturday edition that according to Cole Kachur at Wellington-Altus Private Wealth, CN Rail is a stock to watch in 2026. The Post's Jane Switzer writes that "economic bellwether stocks" such as CNR have not performed well this year amid the pervasive uncertainty surrounding U.S. tariffs and trade policies, Mr. Kachur said, but he thinks the company's share price has bottomed out.
"From a technical perspective, it's been turning the corner and now it's starting to show flashes of the worst being behind us and moving back into an uptrend scenario," he said. Canada's largest railway is more of a value name than a growth name and carries defensive characteristics. "Even if markets aren't super strong, you're picking up a little bit of return that's kind of equal to at least a high interest rate right now in the form of dividend yield," he said.
While it is impossible to predict what trade will look like next year, Mr. Kachur said continued strength in the farming, mining and energy sectors would bode well for the stock's outlook.
"A lot of the worst-case scenarios have already been priced in," he said. "If they can report decent or expected earnings, the stock will react positively."
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