Topic: How To Invest

CANADIAN PACIFIC RAILWAY $75.81 – Toronto symbol CP

CANADIAN PACIFIC RAILWAY $75.81 (Toronto symbol CP; Shares outstanding: 171.2 million; Market cap: $13.0 billion; TSINetwork Rating: Average; Dividend yield: 1.9%; www.cpr.ca) has appointed Hunter Harrison as a director and its new chief executive officer.

Mr. Harrison is the former CEO of Canadian National Railway Co. (Toronto symbol CNR). He’s also the choice of prominent U.S.-based activist investment firm Pershing Square Capital Management, which owns 14.2% of CP.

The company believes Mr. Harrison will duplicate his success at CN, which included improving efficiency and speeding up deliveries. New trains and the recent drop in oil prices should also boost CP’s profits.

CP is still a buy for safety-conscious investors.

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