Farms.com Home   Ag Industry News

CN invests in Manitoba

CN invests in Manitoba

The railway will invest $120 million to strengthen its provincewide network

By Diego Flammini
Staff Writer
Farms.com

One of Canada’s national railways is planning a significant investment in Western Canada this year.

Canadian National will spend $120 million in 2019 to bolster its railway network in Manitoba, the company announced on Monday.

New construction projects will include a new train passing siding near Nourse, Man., east of Winnipeg, and 10 km (6.3 miles) of double track near Exira, Man., west of Portage la Prairie.

Crews will also replace more than 56 km (35 miles) of track, install about 59,000 new railroad ties and rebuild 13 rail crossings along with other general maintenance.

The investment in Manitoba will benefit several sectors, said Dan Vandal, member of Parliament for Saint Boniface-Saint Vital.

“Rail is a fundamental link for farmers and producers on the Prairies. Investments such as these by CN are critical to ensuring that our Prairie products reach their markets, both nationally and internationally,” he said in a statement.

Farmers welcome CN’s planned investment.

Any improvements designed to help products reach export destinations is a good news, said Dennis Thiessen, a producer from Steinbach, Man., and president of the Manitoba Corn Growers Association.

“I would think this is great news,” he told Farms.com. “Farmers need efficient railways to get our grain from our farms to our customers. Let’s hope CN’s commitment to Manitoba can help get more ag products to ports.”

The multimillion-dollar investment in Manitoba is part of CN’s overall spending commitments for 2019.

The organization has set aside $3.9 billion to improve its rail capacity in 2019. That amount includes more locomotives and grain hopper cars, as well as rail improvements between Edmonton, Alta. and Vancouver, B.C.


Trending Video

Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!