Details of the tentative agreement will be released following ratification.

SOURCE: Canadian Pacific

Canadian Pacific, Mike LoVecchio, Senior Manager - Media Relations, (778) 772-9636,
(416) 814-0948 24/7 media pager; CP Police Association, Clark Rutledge, President
CPPA, (604) 469-5672, (604) 220-0039

Canadian Pacific, through the ingenuity of its employees located across Canada and in the United States, remains committed to being the safest, most fluid railway in North America. Our people are the key to delivering innovative transportation solutions to our customers and to ensuring the safe operation of our trains through the more than 1,100 communities where we operate. Come and visit us at www.cpr.ca to see how we can put our ingenuity to work for you. Canadian Pacific is proud to be the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games.

SOURCE Canadian Pacific

Canadian Pacific has been touched by the tragic impacts of World War I and World War II. Over 33 thousand CP employees served in the last century's two world wars. Sadly, 1,774 employees died in battle. In the two World Wars combined, 24 of 74 CP ships were lost to enemy action. In the air, CP pioneered the transatlantic delivery of bombers to Britain. At home, Canadian Pacific's efforts included transporting troops, supplies and equipment in addition to making its shops available for the output of Valentine tanks, engines for frigates and landing craft, naval vessel power equipment components, naval guns, anti-submarine devices and fire-control equipment.

The tradition of service continues today, with 44 Canadian and American employees currently listed as reservists. In Canada, CP moves Canadian Forces' equipment and is one of Canada's most supportive employers of primary Reserve Force personnel. In the United States, CP is a proud partner of the US Army PaYS program, which recruits soldiers interested in obtaining a quality civilian job following service to their country.

These brave men and women will be recognized at CP's Remembrance and Veteran's Day ceremony. Canadian Pacific executives, employees, Police Service officers, pensioners, members of the Canadian Forces Calgary Highlanders Calgary 41st Brigade Group, and the Navy League Cadet Corps will recognize their service at a special ceremony at CP's Calgary Head Office, next to the Steam Locomotive.

About Canadian Pacific:

Canadian Pacific, through the ingenuity of its employees located across Canada and in the United States, remains committed to being the safest, most fluid railway in North America. Our people are the key to delivering innovative transportation solutions to our customers and to ensuring the safe operation of our trains through the more than 1,100 communities where we operate. Come and visit us at www.cpr.ca to see how we can put our ingenuity to work for you. Canadian Pacific is proud to be the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games.

Editor's Note: Canadian Pacific's Remembrance and Veterans Day ceremony will begin at approximately 10:40 a.m. in front of CP Headquarters, Gulf Canada Square, 401 - 9th Avenue SW, next to the Steam Locomotive in Calgary.

SOURCE Canadian Pacific

There will be a live audio webcast of Mr. Grassby's presentation. A replay of the webcast, as well as the presentation materials, will be available in the Investor section of CP's website, http://www.cpr.ca.

About Canadian Pacific:

Canadian Pacific, through the ingenuity of its employees located across Canada and in the United States, remains committed to being the safest, most fluid railway in North America. Our people are the key to delivering innovative transportation solutions to our customers and to ensuring the safe operation of our trains through the more than 1,100 communities where we operate. Canadian Pacific is proud to be the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games.

SOURCE Canadian Pacific