CANADIAN PACIFIC PREPARED TO FULLY OPERATE THE RAILWAY REGARDLESS OF OUTCOME OF BARGAINING WITH CAW

CALGARY, Jan. 13 /CNW/ - Canadian Pacific (TSX/NYSE: CP) today advised that it has trained 1,200 managers and has a comprehensive contingency plan in place to fully operate the railway should a labour dispute occur with the Canadian Auto Workers (CAW), with the earliest possible date being February 8, 2011.

At Canadian Pacific, this union represents mechanical services employees who inspect and repair rail cars and locomotives. The CAW represents no other employees at CP.

The company has a long history of cooperative labour relations and working through key issues with the unions representing our employees.

Negotiations are ongoing. The company remains optimistic for a negotiated settlement.

SOURCE Canadian Pacific

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


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