Canadian National Railway (TSX:CNR) had a tough year in 2024 and the stock has continued to decline in 2025. Contrarian investors are wondering if CNR stock is now oversold and good to buy for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) portfolio focused on total returns.
CN stock price
Canadian National Railway trades near $135 per share at the time of writing compared to a 12-month high of around $175.
The pullback in 2024 was largely due to the impact of labour disputes and wildfires. Strikes at CN and Canadian ports last year and wildfires in Alberta disrupted operations. This forced some customers to divert shipments to ports in the United States. The interruptions also reduced volumes along the rail network and drove up expenses.
Despite the challenges, CN was still able to generate 2024 revenue that was roughly in line with 2023. Earnings, however,…
