23/07/08

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CANADIAN PACIFIC RAILWAY

CANADIAN PACIFIC RAILWAY

Attention Business Editors

Canadian Pacific to address Wolfe Research Transportation Conference

	    CALGARY, May 16 /CNW/ - Mike Lambert, Chief Financial Officer, Canadian
Pacific (TSX/NYSE: CP) will address Wolfe Research's Transportation Conference
at 11:00 am ET on May 21, 2008.
	    Mr. Lambert will present CP's performance, strategy and outlook at the
conference, which will be held at Fordham Law School at Lincoln Center in New
York, New York.
	    There will be a live audio webcast of Mr. Lambert's presentation. The
webcast, as well as the presentation materials, will be available in the
Investor section of CPR's website, http://www.cpr.ca.

	    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 900 communities where we
operate. Our combined ingenuity makes CP a better place to work, rail a better
way to ship, and North America a better place to live. 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.






-30-
	    /For further information: Media: Leslie Pidcock, Tel.: (403) 319-6878,
e-mail: leslie_pidcock@cpr.ca; Investment Community: Janet Weiss, Assistant
Vice President Investor Relations, Tel.: (403) 319-3591, e-mail:
investor@cpr.ca/
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