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Canadian Pacific expects 12 pct drop in Q2 revenue

Published 2016-06-21, 08:15 a/m
© Reuters.  Canadian Pacific expects 12 pct drop in Q2 revenue
CP
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June 21 (Reuters) - Canadian Pacific Railway Ltd CP.TO
said on Tuesday it expected second-quarter revenue to fall about
12 percent from a year earlier, hurt by weak commodity volumes,
the Fort McMurray wildfire in northern Alberta and a stronger
Canadian dollar.
The company said it expected adjusted earnings per share of
about C$2.00. Canadian Pacific reported adjusted earnings of
C$2.45 per share in the second quarter of 2015.

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