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CP falls short of analyst expectations
Written by Carolina Worrell, Senior EditorAmid a North-American-wide slump in traffic volume, falling prices for railroad-transported commodities like coal and oil, and an economy that appears to be increasingly unstable, Canadian Pacific, the second publicly traded Class I to report fourth-quarter and full-year 2015 financials, fell short of analyst expectations, based largely on a nosedive in net income, despite reporting record earnings per share and an improved operating ratio.