<div><b>Page Content:</b> <p>Canadian Pacific (TSX: CP) (NYSE: CP) today announced the company will move forward certain capital spending projects originally targeted for 2014 into this year, funded by a higher than anticipated 2013 cash-flow projection. *As such, the company will be investing an additional $75 to $100 million into its 2013 capital investment program.<br><br></p>
<p>“As our railway continues to transform, we see opportunities to accelerate enhancements to key sections of our North American system,” said Chief Executive Officer, E. Hunter Harrison.* “By taking these opportunities now to further improve our operations, we will be better positioned to respond to our customers’ shipping needs.”</p>
<p>The projects are primarily focused on productivity, safety and efficiency, highlighted by the following: </p>
<ul>
<li>Advance track upgrade work on the North Main Line between Winnipeg and Edmonton** </li>
<li>Upgrades to signaling systems on CP’s main line between Moose Jaw and Chicago, which will improve productivity and increase capacity to meet shipping growth</li>
<li>Achieve further expense savings and strengthen the balance sheet by opportunistically acquiring core assets that would otherwise be leased</li></ul>
<p>In December 2012, CP announced 2013 capital spending of up to $1.1 billion.</p>
<h3>About Canadian Pacific</h3>
<p>Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is a low-cost provider that is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.</p>
<h3>Contacts:</h3>
<p><b>Media***************************************************Investment Community<br></b>Ed Greenberg *************************************************** Nadeem Velani<br>Tel: 612-849-4717********************************************Tel: 403-319-3591<br>24/7 Media Pager: 855-242-3674 <br><a href="mailto:Ed_greenberg@cpr.ca">Ed_greenberg@cpr.ca</a>***************************************** <a href="mailto:investor@cpr.ca">investor@cpr.ca</a></p></div>
<div><b>News Release Date:</b> 5/7/2013 2:30 PM</div>
<div><b>Location:</b> Calgary, Alberta</div>
<div><b>News Type:</b> Investors</div>
<div><b>Is Featured:</b> Yes</div>
More...
<p>“As our railway continues to transform, we see opportunities to accelerate enhancements to key sections of our North American system,” said Chief Executive Officer, E. Hunter Harrison.* “By taking these opportunities now to further improve our operations, we will be better positioned to respond to our customers’ shipping needs.”</p>
<p>The projects are primarily focused on productivity, safety and efficiency, highlighted by the following: </p>
<ul>
<li>Advance track upgrade work on the North Main Line between Winnipeg and Edmonton** </li>
<li>Upgrades to signaling systems on CP’s main line between Moose Jaw and Chicago, which will improve productivity and increase capacity to meet shipping growth</li>
<li>Achieve further expense savings and strengthen the balance sheet by opportunistically acquiring core assets that would otherwise be leased</li></ul>
<p>In December 2012, CP announced 2013 capital spending of up to $1.1 billion.</p>
<h3>About Canadian Pacific</h3>
<p>Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is a low-cost provider that is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.</p>
<h3>Contacts:</h3>
<p><b>Media***************************************************Investment Community<br></b>Ed Greenberg *************************************************** Nadeem Velani<br>Tel: 612-849-4717********************************************Tel: 403-319-3591<br>24/7 Media Pager: 855-242-3674 <br><a href="mailto:Ed_greenberg@cpr.ca">Ed_greenberg@cpr.ca</a>***************************************** <a href="mailto:investor@cpr.ca">investor@cpr.ca</a></p></div>
<div><b>News Release Date:</b> 5/7/2013 2:30 PM</div>
<div><b>Location:</b> Calgary, Alberta</div>
<div><b>News Type:</b> Investors</div>
<div><b>Is Featured:</b> Yes</div>
More...
