Then they're trucked to the United States to be packaged and labelled and warehoused, and then trucked out of the United States to go across the border onto the Canadian shelves," he said, noting that such supply chains can inflate prices. "That creates opportunities." Nonetheless, the country's second-biggest railway faces the threat of potential economy-wide contraction — U.S. economic output shrank last quarter — and unpredictability around shifting tariffs. On Thursday, CPKC lowered its financial outlook for 2025, saying it now expects adjusted diluted earnings per share to increase between 10 and 14 per cent this year, rather than 12 to 18 per cent as previously predicted. Creel cited "increasing uncertainty created by evolving trade policies and the heightened risk of economic recession." In late January, the CEO had forecast "exceptional growth between the three nations" while acknowledging possible "volatility" ahead.