The Globe and Mail reports in its Thursday edition that Canadian Pacific Kansas City has lowered its financial forecast for the year. A Canadian Press dispatch to The Globe reports that chief executive officer Keith Creel cited "economic headwinds" and the 13-day job action in July that shut down the country's largest port, which prompted the railway to predict flat to slightly positive adjusted diluted earnings this year versus last. The revision marks a more pessimistic outlook than the one offered three months earlier, when CPKC projected adjusted diluted earnings would grow by mid-single digits in 2023. It comes as consumers continue to reroute their spending toward services over products in a reversal of pandemic trends, with pressure from inflation and rising interest rates as an additional drag. Meanwhile, the two-week strike -- plus a brief wildcat job action -- halted operations at most ports along the West Coast. In the first week alone, it depressed the number of containers hauled by Canadian railways to barely half the level reached during the same period in 2022. Mr. Creel also highlighted hurdles relating to Canadian Pacific Railway's merger with Kansas City Southern in April.