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4 January 2006

CPR Fourth-Quarter and Full-Year 2005 Results:  Conference Call with Analysts and Media on 31 Jan 2006

Canadian Pacific Railway will release its fourth-quarter and full-year 2005 financial and operating results at 7:30 a.m. Eastern time (5:30 a.m. Mountain time) on 31 Jan 2006.
 
CPR will discuss its results with analysts and the media in a conference call beginning at 11 a.m. Eastern time (9 a.m. Mountain time) on 31 Jan 2006. There will be a live audio Webcast of the call.
 
CONFERENCE CALL ACCESS
 
Dial-in numbers:  800-814-4941 or 416-644-3414. Callers should dial in 10 minutes prior to the call. A replay of the conference call will be available by phone through 7 Feb 2006, at 877-289-8525 or 416-640-1917, pass code 21169783 followed by the pound key.
 
Webcast:  live via CPR's website at www.cpr.ca. To access the Webcast, click on Investors. The Webcast will be archived through 28 Feb 2006.

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