3 Canadian Export Stocks Worth Watching As Ottawa Fast Tracks Major Projects

Global tariffs are flaring, Ottawa is courting roughly $1t of capital, and Canada is pushing hard to fast track big export projects. That mix creates real winners and potential laggards among Canadian Commodity Export Infrastructure & Logistics Operators that touch ports, pipelines, rail and terminals. This article looks at 3 stocks exposed to that news and explains why each one could deserve a closer look on your watchlist.

The three stocks below are a starter set, and the full screen surfaced 7 more Canadian Commodity Export Infrastructure & Logistics Operators with equally compelling narratives that do not fit into this short list. To see the wider field and quickly identify which ones best fit your thesis, head straight into the Canadian Commodity Export Infrastructure & Logistics Operators screener

Mullen Group (TSX:MTL)

Mullen Group is one of the clearest connective tissues between Canada’s commodity export build out and the freight that actually moves on roads, linking ports, rail hubs and industrial sites with the first and last mile capacity those big projects rely on.

Mullen Group runs a broad trucking and logistics operation tied into Canada’s export infrastructure, with most revenue from Logistics & Warehousing at about CA$836 million, Less Than Truckload at roughly CA$784 million, Specialized & Industrial Services at around CA$410 million, and a further CA$232 million from U.S. & International Logistics, supporting a market value near CA$2.5b.

Recent large acquisitions (notably Cole Group) are driving significant incremental revenue growth. Management expects these deals, especially as full-year contributions are realized, to push consolidated revenue meaningfully higher, with potential for further top-line growth as trade normalization and cross-border complexity increase demand for third‑party logistics and customs expertise.

The real swing factor is how one pressure on profitability plays out once that extra freight volume moves through Mullen Group’s network at scale.

That swing factor is where the story really gets interesting, and the full narrative for Mullen Group unpacks how scale, contracts and capital allocation could reshape the payoff from here.

Canadian Pacific Kansas City (TSX:CP)

Canadian Pacific Kansas City is one of the clearest pure plays on the screener theme, with a single rail network linking Canadian resource origins to U.S. and Mexican ports and Gulf routes. This makes its cross border freight mix central to how new export projects actually move.

Expansion of the north south three country network into underpenetrated Mexico and U.S. South corridors for grain, potash, LPGs and refined fuels positions CPKC to capture share from trucking and short sea, with the potential to support volume growth and higher revenue over many years.

What really sharpens the investment case is how one cost and capacity pressure along that long haul corridor eventually flows through to margins.

That margin question is exactly where the full narrative for Canadian Pacific Kansas City steps in, mapping how CPKC’s north south network could translate capacity, pricing power and capital spend into long run earnings quality.

Canadian National Railway (TSX:CNR)

Canadian National Railway is one of the purest plays on the screener theme, with a tri coastal freight network moving bulk commodities and containers between inland producers, major ports and US gateways. The company generates about CA$17.8b from rail operations on a market value near CA$102.5b.

For investors focused on Canadian export infrastructure, Canadian National Railway is the rail and intermodal backbone that links ports, terminals and inland hubs into a single freight system. This is exactly where the current policy push and capital wave are aimed.

I believe the market is underappreciating a powerful, long-term secular tailwind: the reshoring and nearshoring of critical manufacturing and supply chains to North America. This trend will fundamentally re-wire North American logistics, creating a surge in demand for land-based freight.

What happens when that freight actually hits Canadian National Railway’s mainlines at scale could hinge on one quiet pressure that decides how much of it drops through to earnings.

That quiet pressure is exactly what the full narrative for Canadian National Railway unpacks, showing how Canadian National Railway could turn volume, pricing and capital spend into accelerating earnings power.

Curious About What You Might Be Missing?

Fresh opportunities often move from quiet to flying once momentum builds. Scan these ideas before the crowd catches up and the ideal entry window starts dropping. Consider acting while these areas are still less widely followed.

• Target steady cash engines by reviewing the 1 dividend fortresses that focus on resilient cash flows and income potential while the yields are still under the radar.
• Explore structural AI momentum by scanning the 60 AI infrastructure stocks curated for ideas tied to data centers and chips while valuations still look grounded.
• Consider positioning for potential resource supply constraints by checking the 27 best rare earth metal stocks built around producers connected to long-term demand for magnets, batteries and advanced materials.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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