New high-speed Canadian trains touted to match U.S. vision

A multibillion-dollar Canadian high-speed rail project could inject new life into the domestic steel industry and allow the country to keep pace with a "visionary" plan launched last month by U.S. President Barack Obama, railway industry and public transit advocates said on Tuesday.

"Obviously, President Obama has made it a priority and so we're certainly at risk of losing ground to them if we don't take a good hard look ourselves and make some decisions over the next few years," Cliff Mackay, president and chief executive officer of the Railway Association of Canada, said in an interview.

read more