The Financial Post reports in its Thursday, July 27, edition that Canadian National Railway cut its earnings outlook for 2023 because of weakening demand for consumer goods and other products, another clear signal the economy is slowing. A Bloomberg dispatch to the Post reports that the railway expects earnings per share will be flat or slightly down this year compared with 2022. In April, CN said it expected to grow by mid-single digits, in percentage terms. Speaking with analysts, chief executive officer Tracy Robinson said, "We're now assuming that the economic recovery is pushed into 2024." The shares dipped in after-hours trading in New York. The Montreal-based company reported revenue of $4.06-billion in the second quarter, down 7 per cent and missing the estimates made by analysts. Earnings fell 9 per cent on an adjusted basis to $1.76 per share, or four cents below the consensus of analysts surveyed by Bloomberg. Revenue from intermodal shipments plunged 26 per cent from a year earlier, more than offsetting gains in other categories such as grain and automotive. Wildfires across Canada have disrupted shipments and heat waves also forced trains to run slower.