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14 June 2004

Canadian Pacific Railway to Address Merrill Lynch Global Transportation Conference

Rob Ritchie, President and Chief Executive Officer of Canadian Pacific Railway (TSX/NYSE: CP) is scheduled to address the Merrill Lynch Global Transportation Conference at 11:10 a.m. Eastern time on Thursday, 17 Jun 2004. Mr. Ritchie will present CPR's performance, strategy and outlook at the conference, which will be held at the St. Regis Hotel in New York City.
 
There will be a live audio Webcast of Mr. Ritchie's presentation. The Webcast, as well as the presentation materials, will be available on the Investor section of CPR's Website.