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Feb 04, 2016

CN tops bill at IR Magazine Awards – Canada 2016

Railway operator wins six awards from 10 nominations and tops Canada Top 50 rankings

Canadian railway operator CN enjoyed a runaway success at the IR Magazine Awards – Canada 2016, winning six awards from the 10 categories in which it was nominated.

The transportation firm picked up the night’s top prize, the grand prix for best overall investor relations at a large-cap company, as well as recognition for best use of technology, best investor meetings and best company in the industrials sector.

There were also IR Magazine Awards for Janet Drysdale, CN’s vice president of investor relations, who was named best large-cap IRO, and Luc Jobin for best IR by a CFO at a large-cap firm.

Along with this haul of trophies, plus nominations in four other awards categories, CN ascended to the top spot in the Canada Top 50, up from third in 2015.

Elsewhere, two other firms took home three awards apiece. Energy company ARC Resources held on to its grand prix for best IR by a mid-cap company from last year, as well as winning awards for best financial reporting and best IR by a company in the energy sector.

CN’s fellow transportation firm Canadian Pacific Railway, meanwhile, made quite an impact in 2016: not only did it pick up the trophy for most progress in IR and the award for best IR by a Canadian company in the US market, but chief executive Hunter Harrison also won the award for best IR by a CEO at a large cap.

In addition, Canadian Pacific shot up the Canada Top 50 rankings from 15th to second place, pushing ARC Resources into third, down one position from last year.

The final grand prix for best overall investor relations – reserved for small-cap companies – went to Alamos Gold, which took home the award for best IR by a small-cap CFO, too. Remarkably for a smaller firm, Alamos also ascended 59 places to reach 10th spot in the Canada Top 50.

Agnico Eagles Mines, which placed fifth in the rankings, is one of three other companies that also won a pair of awards: one for best IR in the materials sector and another for the mining firm’s CEO Sean Boyd. Northland Power, meanwhile, took home gongs for best sustainability practice and best IR in the utilities sector.

TD Bank, last year’s top-ranked company, dropped to sixth position overall in 2016 but did pick up two IR Magazine Awards for best corporate governance and best IR in the financials sector.

The winners were recognized at what has become the Canadian IR community’s largest annual gathering, held at the Carlu in Toronto, in a ceremony overseen by financial journalist and TV presenter Bruce Sellery.

To read a full list of award winners, please click here.