CN announces 5 million-share buyback

CN announces 5 million-share buyback Canadian National Railway Co. said Monday it plans to repurchase up to 5 million shares, about 1 percent of its outstanding stock by the end of February.
   The privately arranged sale purchase is the first bite in a 33 million share buyback program the company announced this July. The company said in no circumstances will the price paid for the shares be greater than the closing market price of CN’s common shares on the Toronto Stock Exchange on the date of the purchase.