It's been said before, but it bears repeating for investors who enjoy seeing their stocks head north: Warren Buffett likes the rails -- perhaps you should too, and Canadian Pacific Railway (CP), first discussed here on May 1, 2009, at a price of $37.47, is a classic example.

CP's stock accelerated this fall after a period of choppy action this summer, easily took out $60 resistance, and will likely trend toward $80 in 2011.

Look for Canadian Pacific to register an impressive 7% to 9% revenue increase in 2011, after a probable 10% to 12% surge in 2010.

Canada stocks and Canadian investments are coming into favor, as the specter of inflation rears its ugly head and the fate of the recovery is anything but certain. That's because Canada's financial system is stable, it is rich with natural resources, and it can keep plugging along even if consumers don't open up their wallets again anytime soon.That means Canadian stocks could be big in 2011.

Like Warren Buffett, I like the rails. Canadian Pacific Railway (CP), which I first discussed here on May 1, 2009, at a price of $37.47, fits the bill, despite the stock's side-ways action summer.

Look for Canadian Pacific to register an impressive 7% to 10% revenue increase in 2010, as end markets continue to recover from 2009 lows. Meanwhile, increases in CP's railroad efficiency add to the positive story.

Warren Buffett likes the rails, and they've been favored in these circles, too, for a long time. And one standout, Canadian Pacific Railway Limited (CP), first discussed here on May 1, 2009 at a price of $37.47, is just about to leave the station.

CP should register an impressive 8-11% revenue increase in 2010. Margins should increase. Further, the long-term trend looks just as good: the global upturn, albeit with fits-and-starts, in commodity shipments (potash, coal) will continue, and look for the pace to quicken in 2011. Meanwhile, increases in CP's railroad efficiency add to the positive story.

Readers of this space know that like Warren Buffett, I like the rails, and Canadian Pacific Railway (CP), which I first wrote about on May 1, 2009, at a price of $37.47, still looks attractive. Here's why.

I expect the global upturn, albeit with fits-and-starts, in commodity shipments (potash, coal) to continue, and look for the pace to quicken in 2010. Industrial car loadings also should register an impressive improvement this year. Meanwhile, increases in CP's railroad efficiency add to the positive story.

It goes without saying that the rails are a preferred sector in this neck of the investing woods, hence I'm reiterating my buy rating for Canadian Pacific Railway (CP), first recommended on May 1, 2009 at a price of $37.47. If you bought CP in May, you're up about 33%.

The upturn in commodity shipments (potash, coal) has not materialized as soon as forecast, but look for the pace to quicken heading into 2010. Meanwhile, increases in efficiency add to the positive story.

Canadian Pacific Railway Ltd. (NYSE: CP) maintenance workers have walked off the job in pursuit of a 13% wage increase over the next three years. This is the second strike this year against one of Canada's national railways and it affects approximately 3,000 rail workers. The previous strike in February involved engineers and yard workers. That dispute is currently in the hands of mediators.

Teamsters union leader William Brehl, indicated that for most of the workers involved in the current walkout, wages are the central issue. Union members are demanding a three year, 13% total wage increase, but the company has refused to agree to an increase of more than 10%. The deadlock indicates little promise for early resolution. The company has stated that the vacated work positions shall be immediately staffed with cross trained management personnel and it anticipates little effect to business operations.

At least one Canadian economist has indicated that this knot in Canadian logistics has the potential to push some would be Canadian rail traffic southward into the U.S. Jayson Myers, chief economist with the Canadian Manufacturers & Exporters, told CBC News, "We can't afford to see continuing series of strikes in our transportation sector, and then pretend that we have an efficiently working logistics system here in Canada."

Perhaps Warren Buffett is on to something.