Canadian Pacific announces update in conciliation discussions

    CALGARY, March 30 /CNW/ - Canadian Pacific (TSX/NYSE:   CP) announced that
conciliation discussions between CP and the union representing maintenance of
way employees in Canada ended today without an agreement. No further
discussions are currently scheduled with the union on this matter. This
employee group does not operate trains; they maintain track and structures.
    CP has prepared a strike contingency plan to maintain operations across
Canada and will implement it when and if necessary. An adequate number of
management employees has been trained to continue track maintenance work
during a strike. CP will continue to focus on safe operations.

For further information:

For further information: Media: Mark Seland, Tel.: (403) 319-3566, Cell:
(403) 540-7178, e-mail:; Investment Community: Janet Weiss,
Assistant Vice-President Investor Relations, Tel.: (403) 319-3591, e-mail:

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