Canadian National to Resume Buyback After Abandoning Kansas City Deal

A Canadian National Railway (CN Rail) train moves through wooden pallets placed there by occupants of a Tyendinaga Mohawk Territory encampment set up in support of the Wet'suwet'en Nation who are trying to stop construction of British Columbia's Coastal GasLink pipeline, in Tyendinaga, Ontario, Canada on Feb. 26, 2020. Alex Filipe/Reuters

Canadian National Railway Co. said on Friday it would resume a previously approved share buyback, days after walking away from its $29.6-billion deal for U.S. railroad operator Kansas City Southern.

The largest Canadian railroad expects to complete the remaining C$1.1 billion ($869.02 million) of share repurchases by the end of January next year, it said in a statement.