10 Best TSX Stocks to Buy According to Billionaires

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1. Canadian National Railway Company (NYSE:CNI)

Number of Hedge Fund Holders: 43

Number of Billionaire Investors: 12

Value of Billionaire Investment: $9,047,607,042

Canadian National Railway Company (NYSE:CNI) is one of the Best TSX Stocks to Buy According to Billionaires. On September 8, Canadian National Railway Company (NYSE:CNI) announced expanding its firefighting capabilities. The company introduced two new firefighting railcars named Oceanus and Amphitrite. Each railcar has the capacity to hold 25,000 gallons of water and is equipped with cannons, pumps, and hose support.

Management noted that each railcar can be quickly deployed and work either alone or with other trains. In addition, the company has also started a pilot program using smaller fire trailers, where each trailer carries 350 gallons of water and has a fixed water cannon to fight small wildfires near the rail tracks.

Moreover, Canadian National Railway Company (NYSE:CNI) has also upgraded its existing Neptune, Trident, and Poseidon firefighting trains, increasing their water capacity by more than double. Management noted that these upgrades improve the company’s ability to assist firefighters, especially near rail infrastructure and in hard-to-reach fire zones.

Canadian National Railway Company (NYSE:CNI) is a major transportation and logistics firm that offers rail, intermodal, trucking, and supply chain services across North America.

While we acknowledge the potential of CNI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CNI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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