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    CNR   CA1363751027

CANADIAN NATIONAL RAILWAY COMPANY

(CNR)
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Delayed Toronto Stock Exchange  -  04:00 2022-06-30 pm EDT
144.79 CAD   -0.28%
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CN Rail will not pursue contempt case related to 2020 rail blockade in B.C.

01/28/2022 | 01:32pm EDT

VANCOUVERCanadian National Railway says it will not pursue criminal charges against protesters accused of defying an injunction and blocking a CN rail line in northwestern British Columbia nearly two years ago.

The BC Prosecution Service announced in April it was not in the public interest to pursue criminal contempt charges against protesters, but a B.C. Supreme Court ruling last month found CN could continue its own legal action.

In an email statement Friday, Canadian National says it is satisfied the injunction was "ultimately enforced" and the company "does not intend to pursue criminal or civil contempt against any of the protesters."

Twelve people, including three hereditary chiefs, were arrested for blockading CN Rail's north line near New Hazelton in February 2020.

The arrests occurred as demonstrations, including several rail blockades, took place across Canada in solidarity with Indigenous opposition to construction of the Coastal GasLink pipeline across hereditary territories in northern B.C.

An update posted by Coastal GasLink this week says construction of the 670-kilometre pipeline between Dawson Creek and the liquefied natural gas facility near Kitimat is 60 per cent finished, with completion expected by the end of this year.

This report by The Canadian Press was first published Jan. 28, 2022.

© 2022 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2022 16 044 M 12 423 M 12 423 M
Net income 2022 4 757 M 3 683 M 3 683 M
Net Debt 2022 14 059 M 10 885 M 10 885 M
P/E ratio 2022 20,8x
Yield 2022 1,99%
Capitalization 100 B 77 490 M 77 490 M
EV / Sales 2022 7,11x
EV / Sales 2023 6,68x
Nbr of Employees 22 953
Free-Float 99,5%
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Number of Analysts 32
Last Close Price 144,79 CAD
Average target price 164,56 CAD
Spread / Average Target 13,7%
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Managers and Directors
Tracy A. Robinson President, Chief Executive Officer & Director
Ghislain Houle Chief Financial Officer & Executive Vice President
Shauneen E. Bruder Chairman
Dominique Malenfant EVP, Chief Information & Technology Officer
Nayan Bharadwa Assistant Vice President-Operational Technology