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Is it time to renationalize the CN rail network in Canada? | CCPA

Is it time to renationalize the CN rail network in Canada? | CCPA

It has been 30 years since Canadian National was privatized, and Wall Street continues to profit at Canada’s expense

Immediately following privatization, CN began prioritizing its new shareholders—within less than a year, CN initiated its first dividend payout in 1996, delivering $99 million to shareholders. Since then, dividend growth has been explosive, with increases of between 10 and 30 per cent year-over-year every year from 1997 to 2019, with the exception of a seven per cent increase in 2010.

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