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Is CN Rail stock a good buy?

CN Rail stock retreated around 1. 5% on an upbeat Friday for markets. Indeed, CN Rail is a steady railway play for all types of market environments. With the risk-on appetite and speculative tech stocks leading the rally, it’s been the defensives that many have begun to rotate out of. I think the move out of such blue chips is absurd.

Who owns CN Rail?

Britain'sTCI Fund Management - which also owns a three per cent stake in CN Rail - made the appeal in a letter to CN's board after the U.S. Surface Transportation Board ruled Monday that its proposed US$33.6-billion deal with KCS must be based on stricter merger rules.

Who owns CN stock?

CN was government-owned, having been a Canadian Crown corporation from its founding in 1919 until being privatized in 1995. As of 2019, Bill Gates is the largest single shareholder of CN stock, owning a 14.2% interest through Cascade Investment and his own Bill and Melinda Gates Foundation.

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