5 Best Canadian Infrastructure Stocks to Buy Now

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1. Canadian National Railway Company (NYSE:CNI)

On June 5, 2026, Susquehanna raised the firm’s price target on Canadian National Railway Company (NYSE:CNI) to $138 from $128 and maintained a Positive rating on the shares. The firm said rail volumes appear to be running ahead of expectations, with ISM readings “encouraging” after expanding for five straight months. Susquehanna also said there was no sign that higher fuel costs were weighing on industrial demand.

On June 4, 2026, Canadian National Railway Company (NYSE:CNI) announced that propane export shipments from South Beamer, Alberta, to Watson Island, British Columbia, reached an all-time monthly record for the corridor in May while staying within existing commercial arrangements. The company said the achievement represented a 40% increase in carloads compared with May 2025 and topped CN’s previous monthly record from August 2024. CN said the record performance was supported by train length optimizations, improved network efficiency, and strong execution across the corridor.

On June 3, 2026, BofA raised the firm’s price target on Canadian National Railway Company (NYSE:CNI) to $132 from $122 and maintained a Buy rating on the shares. BofA said operating performance remains strong and pointed to several leading indicators signaling improvement in the industrial economy.

Canadian National Railway Company (NYSE:CNI) engages in rail, intermodal, trucking, and related transportation businesses in Canada and the United States.

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 the cheapest AI stock.

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