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14 September 2004
CPR to Address TSX Canada Day Conference in London

Paul Bell, Vice-President of Investor Relations for Canadian Pacific Railway (TSX/NYSE: CP), will address the financial community at TSX Canada Day on 21 Sep 2004 in London, England. Mr. Bell's presentation will include an overview of CPR and discussion of market conditions and the company's outlook. His presentation will be posted on CPR's Website, www.cpr.ca. TSX Canada Day will be held at The Savoy Hotel.