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Actionable news in CP: CANADIAN PACIFIC RAILWAY,

On April

ITEM 9.01

Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Exhibit Description

Exhibit 99.1

News Release of Canadian Pacific dated April 11, 2016

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CANADIAN PACIFIC RAILWAY LIMITED

By:

/s/ Scott Cedergren

Name:

Scott Cedergren

Title:

Assistant Corporate Secretary

3

EXHIBIT INDEX

Exhibit No.

Exhibit Description

99.1

News Release of Canadian Pacific dated April 11, 2016

Release:Immediate April 11, 2016

Canadian Pacific terminates efforts to merge with Norf olk Southern

Calgary, AB

Canadian Pacific Railway Ltd. (TSX:CP) (NYSE:CP) today announced that it has terminated efforts to merge with Norfolk Southern Corp. (NS), including the withdrawal of a resolution asking NS shareholders to vote in favour of good-faith negotiations between the two companies. No further financial offers or overtures to meet with the NS board of directors are planned at this time.

CP proposed the creation of a true end-to-end railroad that would enhance competition, ease freight congestion now and into the future, improve service to shippers, better support the economy and generate significant shareholder value for both companies.

We have long recognized that consolidation is necessary for the North American rail industry to meet the demands of a growing economy, but with no clear path to a friendly merger at this time, we will turn all of our focus and energy to serving our customers and creating long term value for CP shareholders, said CP CEO E. Hunter Harrison.

CP has a proven approach precision railroading that delivers superior results for customers, employees, communities and shareholders. CP will continue to focus on providing the best service, controlling costs, optimizing assets, operating safely and developing the best team of railroaders in the industry.

Forward Looking Statement

This news release contains certain forward-looking information within the meaning of applicable securities laws relating, but not limited, to the need for change in the rail industry to address shipper concerns, the anticipated results and benefits of an end-to-end solution for shippers and potential future consequences of not addressing current industry issues.This forward-looking information also includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events...


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