Weekly Recap: CAD 2.8B capex cut and YTD RTMs up 4.5% (4% ex-grain)

Canadian National Railway Co (NYSE:CNI) trims 2026 capex to CAD2.8B to align capacity and peers while YTD revenue ton-miles rose ~4.5% on strong grain volumes; reduced fuel-surcharge EPS boosts and higher fuel costs may pressure the operating ratio, though tax changes should lift FCF.Previous Week…