Canadian Pacific and Teamsters agree to no strike/no lockout protocol pending further discussions



    CALGARY, Nov. 18 /CNW/ - Canadian Pacific Railway Limited (TSX/NYSE:   CP)
and the Teamsters Canada Rail Conference (TCRC), representing 4,500 locomotive
engineers and conductors, have entered into a no strike/no lockout agreement
while the parties discuss the next steps given that, by a narrow margin, the
union did not ratify the Memorandum of Settlement between CP and the TCRC-RTE.
    The parties are in continuing discussions as they both assess the
situation and have agreed to meet this week to explore opportunities to reach
a mutually acceptable agreement.





For further information:

For further information: Media: Mark Seland, (403) 540-7178,
mark_seland@cpr.ca; Investment Community: Janet Weiss, (403) 319-3591,
investor@cpr.ca


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