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Canada antitrust watchdog drops probe into CN Railway pricing

  • Canada’s Competition Bureau says it is dropping its investigation into alleged unfair pricing practices by Canadian National Railway (NYSE:CNI) due to insufficient evidence.
  • The watchdog's 15-month probe dealt with prices the railway charged to ship lumber from mills in western Canada to Vancouver, where it would be put on ships destined for abroad, amid allegations CNI's pricing strategy was meant to drive away competitors.

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