By February 25, 2015 0 Comments Read More →

Will This New Law Derail the Growth of Canadian Pacific Railway Limited and Canadian National Railway?


February 25, 2015| Motley Fool| According to a report in the Wall Street Journal last week, Canada is looking to create a new compensation fund for derailments involving trains carrying crude oil. The fund would be financed by a new levy of $1.65 per metric ton. In addition to that, it would require a minimum insurance coverage level for railroad operators as those carrying more than 1.5 million metric tons would be required to have a $1 billion insurance policy.

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