"The additional markets that will be available to rail shippers through Canadian Pacific's extensive rail network will create jobs, increase the market for South Dakota agricultural goods and value-added products, and improve our capability to transport products produced in South Dakota," US Senator John Thune, said.

The DM&E is the largest regional railroad in the U.S. and the only Class II railroad that connects and interchanges traffic with all seven Class I railroads, connecting with Canadian Pacific at Minneapolis, Winona, MN and Chicago.

It is headquartered in Sioux Falls, SD and has approximately 1,100 employees, 2,500 miles of track, including approximately 500 miles of trackage rights, and rolling stock that includes 7,200 rail cars and 150 locomotives.

The DM&E serves eight states: Illinois, Iowa, Minnesota, Missouri, Nebraska, South Dakota, Wisconsin and Wyoming with access to Chicago, Minneapolis/St. Paul, Kansas City and key ports.

    Live Satellite Coordinates:

    DATE OF FEED:   Thursday October 30, 2008
    TIME OF FEED:   1:00 - 1:15 PM CDT (2:00 - 2:15 PM EDT)
    CO-ORDINATES:   Galaxy 11/K13 Analog
    D.Link Freq:    11960 H

    URL / Download Coordinates:

    http://cnw.pathfireondemand.com/viewpackage.action?packageid=106

    DATE:  Thursday October 30, 2008
    TIME:  3:30 PM CDT (2:30 PM EDT)

    Please contact broadcast@newswire.ca to gain immediate access.

    CNW's On-Demand service provides broadcast quality footage to accredited
    journalists worldwide.

    Shot List:
    Maple Springs, MN: Westbound DM&E train
    Weaver, MN: CP, DM&E and IC&E locomotives running side by side
    Lake City, MN: CP, DM&E and IC&E locomotives running side by side
    Hastings, MN: CP, DM&E and IC&E locomotives head to head on Hastings
    Bridge

    Note: Subject to change.

    LOCAL PHOTO OPPORTUNITIES: At 9:00 AM (CDT) all DM&E and IC&E locomotives
across the Midwest will stop and sound their horns in unison, signaling a new
era of service as DM&E officially joins the Canadian Pacific family.

    Media are invited to record the horn soundings at the following rail
yards:

    DATE:  Thursday October 30, 2008
    TIME:  9 AM CDT (8 AM MDT)

    IOWA
    Davenport: 2300 Railroad Ave.
    Mason City: 904 S. Pennsylvania Ave.
    Muscatine: 300 Grandview Ave.
    Ottumwa: 1300 N. Wildwood Dr.

    MINNESOTA
    Waseca: 308 S. State St.

    SOUTH DAKOTA
    Brookings: 120 Main Ave.
    Huron: 420 Commercial St. NE
    Rapid City: 2230 Cambell St.

EDITORS PLEASE NOTE: These are active train yards and safety is CP's top priority. Safety vests, hard hats and safety glasses will be provided to media and must be worn at all times in all train yard. Open-toed shoes are not permitted in train yards or depots.

Media requesting comment from railway employees will be referred to Canadian Pacific spokespeople for comment.

STORY SUMMARY: Canadian Pacific announced the acquisition of the DM&E on Sept. 24, 2007. Following a year-long review, the U.S. Surface Transportation Board approved CP's application for control of the DM&E on Sept. 30, 2008. Regulations stipulated a 30-day administrative period whereby registered participants could file final requests for information, clarification or conditions. Today, the acquisition process is complete.

    STATIONS, FOR FURTHER INFORMATION, PLEASE CALL: Mike LoVecchio, Senior
    Manager - Media Relations, Canadian Pacific at 778 772-9636 or
    mike_lovecchio@cpr.ca.

    For technical information DURING the satellite feed, please call CNW at
    (416) 863-5615

    Please contact broadcast@newswire.ca to get immediate access.

    As with all CNW Broadcast feeds, this release is offered for your free
    and unrestricted news use. Comments regarding the content and quality are
    welcomed.

SOURCE CNW Broadcast Services

Expected next investor conference call information:
Conference Call Date: 10/28/2008
Conference Call Time: 11:00 AM
Conference Call URL: http://www8.cpr.ca/cms/English/Investors/Events/default.htm

Expected next dividend:
Dividend Announcement Date: 8/8/2008
Dividend Record Date: 9/26/2008
Dividend Pay Date: 10/27/2008
Dividend Amount: 0.231806

Expected next investor conference call information:
Conference Call Date: 10/28/2008
Conference Call Time: 11:00 AM
Conference Call URL: http://www8.cpr.ca/cms/English/Investors/Events/default.htm

Expected next dividend:
Dividend Announcement Date: 8/8/2008
Dividend Record Date: 9/26/2008
Dividend Pay Date: 10/27/2008
Dividend Amount: 0.231806