Updating Teck Resources Ltd., Canada National Railway Co., and Finning International Inc.

Article Excerpt

TECK RESOURCES LTD. $29 (www.teck.com) is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces zinc and copper. Thanks to higher prices for those commodities, the company will pay an extra dividend of $0.40 a share on December 29, 2017. That’s in addition to its regular quarterly payment of $0.05 a share; the annual rate of $0.20 yields 0.7%. Teck plans to buy back $230 million of its class B subordinate voting shares by March 31, 2018. That’s equal to roughly 1.4% of its $16.9 billion market cap. Buy. CANADIAN NATIONAL RAILWAY CO. $102 (www.cn.ca) continues to see strong demand from shippers of grain and fracking sand; energy producers use that sand to extract more oil and gas from their wells. With rising demand, the company has hired 3,500 new workers and plans to hire 2,000 more in 2018. That will bring its overall workforce to around 22,000. Despite the higher labour costs, the extra…