{
 "as_of": "2026-11-06",
 "cmr": "ca-cm-kg/TSX/CNR",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Canadian National Railway Company (TSX: CNR) — research page\n\nAs of 2026-11-06 · ca-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Canadian National Railway Company, listed on the TSX under ticker CNR. Its LEI is 3SU7BEP7TH9YEQOZCS77; its ISIN is not on the record. The security type is Corporate, the segment is not on the record, the sector is Industrial Products & Services, and the jurisdiction is Québec (CA-QC). The listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 1 filing in the twelve months to 2026-11-06, on 1 filing day, of type newswire_release. The median gap between filing days is not on the record. The latest filing is dated 2025-11-17, 354 days before the record date of 2026-11-06. The TSX median cadence gap is 16 days, the TSX median filings count is 0.0, and the TSX median latency is 3.0 days. The Industrial Products & Services sector median cadence gap is 23.5 days, the sector median filings count is 11, and the sector median latency is 6.0 days.\n\n## Auditor\n\nThe auditor of record is not on the record; none was found. The auditor's location is not on the record. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds no listing, delisting, name change, domicile change or segment move events. The halt flag is listed, not halted.\n\n## Orderability\n\nUnder the rule version acm-68000/ca/kyp-know-your-product-ni-31-103/r1, the outcome is determinable for both client categories: paragraph (o) of the definition and paragraph (q) of the definition, each with signal ACM-200. The chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 26 research houses: ATB Capital Markets, Barclays, Bernstein, BMO Capital Markets, BofA Securities, CIBC World Markets, Citi Investment Research, Desjardins Securities, Evercore ISI, Goldman Sachs, Jeffries, J.P. Morgan, Morgan Stanley, National Bank Financial, Raymond James, RBC Capital Markets, Scotia Capital, Stephens Inc, Susquehanna Financial Group, TD Cowen, The Benchmark Company, UBS, Veritas Investment Research, Vertical Research Partners, Wells Fargo and Wolfe Research.\n\n## Open research\n\nThe record holds no openly published research notes; none was found.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market vintage is not sealed. The issuer has no sealed years served. The live record began on 2026-09-10. Years 2021 through 2026 are sealed in the store but not served as of a date; the as-of door answers not_sealed.\n\n## Sources\n\n8 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.tsx.com/json/company-directory/search/tsx/^* (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/3SU7BEP7TH9YEQOZCS77 (identity.jurisdiction)\n- https://www.tsx.com/en/resource/571 (identity.sector)\n- https://mcp.ca-cm-kg.ai/events/TSX/CNR (the disclosure lines)\n- https://iiroc.mediaroom.com/index.php?s=2429&l=100 (the halt flag)\n- https://mcp.ca-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.cn.ca/en/investors/analyst-coverage/ (coverage)\n- https://mcp.ca-cm-kg.ai/record/TSX/CNR (the record)\n",
 "market": "CA",
 "node": "ca-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-10",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the CA store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "market": "CA",
    "reason": "none found",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "CA",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "CA",
    "state": "not_on_record"
   },
   "changes": []
  },
  "cmr": "ca-cm-kg/TSX/CNR",
  "coverage": {
   "count": 26,
   "houses": [
    {
     "analyst": "Chris Murray",
     "house": "ATB Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Brandon Oglenski",
     "house": "Barclays",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "David Vernon",
     "house": "Bernstein",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Fadi Chamoun",
     "house": "BMO Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Ken Hoexter",
     "house": "BofA Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Kevin Chiang",
     "house": "CIBC World Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Ariel Rosa",
     "house": "Citi Investment Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Benoit Poirier",
     "house": "Desjardins Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Jonathan Chappell",
     "house": "Evercore ISI",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Jordan Alliger",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Stephanie Moore",
     "house": "Jeffries",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Brian Ossenbeck",
     "house": "J.P. Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Ravi Shanker",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Cameron Doerksen",
     "house": "National Bank Financial",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Steve Hansen",
     "house": "Raymond James",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Walter Spracklin",
     "house": "RBC Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Konark Gupta",
     "house": "Scotia Capital",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Brady Lierz",
     "house": "Stephens Inc",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Bascome Majors",
     "house": "Susquehanna Financial Group",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Cherilyn Radbourne",
     "house": "TD Cowen",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Nathan P. Martin",
     "house": "The Benchmark Company",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Thomas Wadewitz",
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Will Guy",
     "house": "Veritas Investment Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Jeff Kauffman",
     "house": "Vertical Research Partners",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Christian Wetherbee",
     "house": "Wells Fargo",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Scott Group",
     "house": "Wolfe Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cn.ca/en/investors/analyst-coverage/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.cn.ca/en/investors/analyst-coverage/",
     "result": "read: 26 of 52 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 2270,
     "median_cadence_gap_days": 16,
     "median_filings": 0,
     "median_latency_days": 3,
     "name": "TSX"
    },
    "sector": {
     "issuers": 127,
     "median_cadence_gap_days": 23.5,
     "median_filings": 11,
     "median_latency_days": 6,
     "name": "Industrial Products & Services"
    }
   },
   "by_type": {
    "newswire_release": 1
   },
   "cadence_median_gap_days": null,
   "filing_days": 1,
   "filings": 1,
   "latency_days": 354,
   "latest": [
    {
     "category": null,
     "date": "2025-11-17",
     "source": "https://www.newsfilecorp.com/release/274796/Canadian-National-Railway-Company-CNR-Opens-the-Market",
     "title": "Canadian National Railway Company (CNR) Opens the Market",
     "type": "newswire_release"
    }
   ],
   "latest_filing_date": "2025-11-17",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.ca-cm-kg.ai/events/TSX/CNR",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "TSX"
   },
   "isin": {
    "market": "CA",
    "reason": "no ISIN found on issuer pages",
    "state": "not_on_record"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/3SU7BEP7TH9YEQOZCS77",
    "state": "conflict",
    "value": "Québec (CA-QC)"
   },
   "lei": {
    "read_by": "GLEIF name-exact",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/3SU7BEP7TH9YEQOZCS77",
    "state": "sourced",
    "value": "3SU7BEP7TH9YEQOZCS77"
   },
   "name": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "Canadian National Railway Company"
   },
   "sector": {
    "read_by": "TMX listed-companies workbook (exchange list, monthly; data month named in the source column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/en/resource/571 (tsx-and-amp-tsxv-listed-companies-2026-08-14-en.xlsx, data as of 31-Jul-2026)",
    "state": "sourced",
    "value": "Industrial Products & Services"
   },
   "security_type": {
    "read_by": "TMX listed-companies workbook (exchange list, monthly; data month named in the source column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/en/resource/571 (tsx-and-amp-tsxv-listed-companies-2026-08-14-en.xlsx, data as of 31-Jul-2026)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "CA",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "CNR"
   },
   "website": {
    "market": "CA",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": [],
   "domicile_change": [],
   "listing": [],
   "name_change": [],
   "segment_move": []
  },
  "market": "CA",
  "node": "ca-cm-kg",
  "numbers_hash": "sha256:2a7a9deb4d8e1b36c64fd6fc38ff3d111804cf90337c3b65c996838c6ad78972",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Paragraph (o) of the definition",
    "Paragraph (q) of the definition"
   ],
   "outcomes": {
    "Paragraph (o) of the definition": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Paragraph (q) of the definition": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.ca-cm-kg.ai/book/aio.json",
    "door": "https://mcp.ca-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/ca/kyp-know-your-product-ni-31-103/r1",
   "section": "ca.aio.v11"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.ca-cm-kg.ai/record/TSX/CNR",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://iiroc.mediaroom.com/index.php?s=2429&l=100",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:2a7a9deb4d8e1b36c64fd6fc38ff3d111804cf90337c3b65c996838c6ad78972",
 "path": "/ca/TSX/CNR",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Canadian National Railway Company, listed on the TSX under ticker CNR. Its LEI is 3SU7BEP7TH9YEQOZCS77; its ISIN is not on the record. The security type is Corporate, the segment is not on the record, the sector is Industrial Products & Services, and the jurisdiction is Québec (CA-QC). The listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 1 filing in the twelve months to 2026-11-06, on 1 filing day, of type newswire_release. The median gap between filing days is not on the record. The latest filing is dated 2025-11-17, 354 days before the record date of 2026-11-06. The TSX median cadence gap is 16 days, the TSX median filings count is 0.0, and the TSX median latency is 3.0 days. The Industrial Products & Services sector median cadence gap is 23.5 days, the sector median filings count is 11, and the sector median latency is 6.0 days.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record; none was found. The auditor's location is not on the record. The record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds no listing, delisting, name change, domicile change or segment move events. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "Under the rule version acm-68000/ca/kyp-know-your-product-ni-31-103/r1, the outcome is determinable for both client categories: paragraph (o) of the definition and paragraph (q) of the definition, each with signal ACM-200. The chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 26 research houses: ATB Capital Markets, Barclays, Bernstein, BMO Capital Markets, BofA Securities, CIBC World Markets, Citi Investment Research, Desjardins Securities, Evercore ISI, Goldman Sachs, Jeffries, J.P. Morgan, Morgan Stanley, National Bank Financial, Raymond James, RBC Capital Markets, Scotia Capital, Stephens Inc, Susquehanna Financial Group, TD Cowen, The Benchmark Company, UBS, Veritas Investment Research, Vertical Research Partners, Wells Fargo and Wolfe Research.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds no openly published research notes; none was found.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market vintage is not sealed. The issuer has no sealed years served. The live record began on 2026-09-10. Years 2021 through 2026 are sealed in the store but not served as of a date; the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "8 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.tsx.com/json/company-directory/search/tsx/^*"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/3SU7BEP7TH9YEQOZCS77"
  },
  {
   "for": "identity.sector",
   "source": "https://www.tsx.com/en/resource/571"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.ca-cm-kg.ai/events/TSX/CNR"
  },
  {
   "for": "the halt flag",
   "source": "https://iiroc.mediaroom.com/index.php?s=2429&l=100"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.ca-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.cn.ca/en/investors/analyst-coverage/"
  },
  {
   "for": "the record",
   "source": "https://mcp.ca-cm-kg.ai/record/TSX/CNR"
  }
 ],
 "title": "Canadian National Railway Company (CNR) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}