Canada Stocks-TSX rises, led by CP Rail on railroad merger prospects

TORONTO, Jan 19 Canada's main stock index edged higher on Thursday, helped by a jump in Canadian Pacific Railway shares on prospects of consolidation in the railroad industry and a rebound of uranium producer Cameco Corp. Canadian Pacific Railway rose nearly 4 percent to C$200.11 a day after saying its chief executive, Hunter Harrison, would leave five months earlier than originally expected and reporting a lower-than-expected adjusted quarterly profit. "Many people believe that there will be consolidation in this industry," said John Stephenson, president & CEO of Stephenson & Company Capital Management.