Microsoft Corp. reported a strong increase in sales, while Alphabet Inc. missed analysts’ estimates for its cloud business, causing concerns about its future growth. Google’s search business is maturing, and investors are looking to the cloud unit for growth. Microsoft’s sales were boosted by recovering cloud-computing growth and demand for new artificial intelligence products. CN Rail reported a 24% drop in profits due to falling consumer demand and fallout from the B.C. port workers’ strike. The company expects flat to slightly negative earnings this year but forecasts growth between 10% and 15% for 2024-2026. The Trans Mountain pipeline expansion project may need external financing for completion as the Canadian government has said it will not provide more public money for the project.
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