Canadian Pacific and Teamsters extend no strike/no lockout agreement pending further discussions



    CALGARY, Nov. 23 /CNW/ - Canadian Pacific Railway Limited (TSX/NYSE:   CP)
and the Teamsters Canada Rail Conference (TCRC), representing 4,500 locomotive
engineers and conductors, have extended their no strike/no lockout agreement
to December 8th. The parties will continue to meet during this period in an
effort to negotiate a mutually acceptable settlement.

    Earlier this month, a previous Memorandum of Settlement between the
parties failed to ratify by a narrow margin.





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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