The Financial Post reports in its Saturday edition that tariffs created a half-billion-dollar shortfall for Canada's largest rail operators last year, yet their revenues remain steady despite unpredictable U.S. trade policies. A Postmedia dispatch to the Post reports that Canadian National Railway's Janet Drysdale said on Friday, "Tariffs, trade uncertainty and volatility impacted our full-year 2025 revenues by over $350-million." Canadian Pacific Kansas City also flagged a financial hit from tariffs and other trade headwinds. CPKC chief executive officer Keith Creel said last week: "We've already absorbed a pretty significant hit from all the uncertainty. ... About $200 million in revenue impact, maybe higher." Goods under the Canada-United States-Mexico Agreement (CUSMA) have remained largely shielded from the levies. But the agreement is up for renewal in July, casting a veil of uncertainty over trade between the three countries. "I've said from the beginning, President Trump is going to adjust the balance of trade between our three nations," Mr. Creel said. "He is going to make decisions in that renegotiation, which, to his satisfaction and to his view, benefits the United States of America," Mr. Creel added.