Canadian railways could run out of grain to transport due to drought: analyst

TORONTO -- Canada's two largest railways may run out of grain to move and face revenue challenges in the coming year as the domestic grain crop is expected to decrease 37 per cent due to drought conditions across the Prairies despite a slight improvement in August. Statistics Canada said Friday that 3.07 million tonnes of grain was delivered in August. That's up 4.5 per cent from July's four-year low but deliveries were 31 per cent below the level in August 2020.-- More...