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Canadian Pacific Lowers 2015 Outlook After Commodities Cargo Declines

2015-07-21 18:12:10| Railroads - Topix.net

Canadian Pacific Railway cut its forecast for full-year revenue and earnings per-share growth while it seeks to control costs amid a decline in demand for commodities shipments. Revenue growth is expected to be 2% to 3% in 2015, down from a January forecast of 7% to 8% growth, Canadian Pacific announced in a statement.

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