CP Rail sees slower growth in Canada oil volumes as spreads tightened

Wed Jul 24, 2013 12:08pm EDT
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July 24 (Reuters) - Canadian Pacific Railway Ltd, Canada's No. 2 railroad, said the pace of growth in long-haul crude oil volumes has slowed in the last few months as spreads tightened due to rising Canadian prices.

The railway said on a conference call on Wednesday that it expected long-haul crude volumes to pick up in autumn and beyond as price spreads widen again.