Updates on our CANADIAN PACIFIC RAILWAY, INNERGEX RENEWABLE ENERGY and IMPERIAL OIL

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CANADIAN PACIFIC RAILWAY $85.01 (Toronto symbol CP; Shares outstanding: 171.7 million; Market cap: $14.6 billion; TSINetwork Rating: Average; Dividend yield: 1.7%; www.cpr.ca) continues to make progress with its plan to improve its efficiency with new trains and streamlined schedules. The company has just launched its new transcontinental service for intermodal containers (which can be shipped by rail, ship or truck), which uses a more direct route with fewer stops. As a result, CP can now ship containers from Vancouver to Toronto in four days instead of five. Shipping to Chicago also takes four days, down from six. CP Rail is a buy. INNERGEX RENEWABLE ENERGY $10.68 (Toronto symbol INE; Shares outstanding: 93.3 million; Market cap: $996.4 million; TSINetwork Rating: Extra Risk; Dividend yield 5.4%; www.innergex.com) has cancelled its purchase of the Wildmare wind project in B.C. Innergex had tentatively agreed to acquire Wildmare from Finavera Wind Energy for $22 million in July. Several closing conditions were not met by the September 30, 2012, deadline…