July 21, 2015 / 12:41 PM / 2 years ago

CP Rail earnings rise but volumes slip

1 Min Read

TORONTO, July 21 (Reuters) - Canadian Pacific Railway Ltd reported higher earnings on Tuesday even as revenue edged down on lower grain and crude oil shipments.

Net income at Canada's No. 2 railway rose to C$390 million ($300 million), or C$2.36 a share, from C$371 million, or C$2.11, a year earlier. Revenue slipped to C$1.65 billion from C$1.68 billion.

$1 = $1.30 Canadian Reporting by Allison Martell

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