This top pick has a bright future

Article Excerpt

2024 is the fifth year in a row we selected CP Rail (now CPKC after its merger with U.S.-based railway Kansas City Southern) as your #1 Conservative Buy. If you bought the stock five years ago, at the start of 2019, you’ve enjoyed a 121% gain (excluding dividends)! Compare that to the 56% gain for the broader S&P/TSX Composite Index. We’re even more excited about CPKC’s long-term prospects, particularly as it starts to realize the full benefits of the Kansas City acquisition. The purchase also better positions it to exploit the new U.S.-Mexico-Canada (USMCA) trade deal as manufacturers shift their operations away from China and other countries in Asia to North America. CANADIAN PACIFIC KANSAS CITY LTD. $111 is your #1 Conservative Buy for 2024. The company (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 932.9 million; Market cap: $103.6 billion; Price-to-sales ratio: 7.2; Dividend yield: 0.7%; TSINetwork Rating: Above Average; www.cpkcr.com) took its current form on April 14, 2023, when…