The Unsung Heroes: Rails and Pipes
So, where does one look for opportunity in all this? Well, I’ve always had a soft spot for the boring stuff. When trade between two colossal neighbours picks up, someone has to actually move all the goods. That’s where the railways come in.
Think of a company like Canadian National Railway. It’s not exactly a high-flying tech darling, is it? It’s a sprawling network of steel tracks, a beast of logistics that shifts immense quantities of everything from timber to grain across the continent. When trade barriers fall, its wagons get fuller and its pricing power could firm up. It’s the circulatory system of the economy, and with fewer blockages, the blood flows more freely.
The same logic applies to the energy infrastructure. The pipelines and power grids that stitch North America together become more valuable as economic activity hums along. These are often businesses with formidable moats, the kind of unglamorous but essential assets that quietly churn out value while everyone else is chasing the next shiny thing.
