E. Hunter Harrison to remain with Canadian Pacific until 2017

CALGARY, May 7, 2014 /CNW/ - The Board of Directors for Canadian Pacific 
Railway Limited (TSX: CP) (NYSE: CP) today announced CP Chief Executive 
Officer E. Hunter Harrison has agreed to a contract extension with the railway 
for an additional year. 
"When Hunter was brought in to lead the transformational change of this iconic 
company, the agreement was for four years, plus an option for an additional 
year," said CP Board of Directors Chairman, Gary Colter. "In seeing CP's rapid 
turnaround under Hunter's leadership, the Board was unanimous in wanting him 
to stay on until 2017 and we are extremely pleased he has accepted." 
Harrison officially joined CP in June, 2012. 
"I am honoured the Board of Directors asked me to remain in a leadership role 
for an extra year," said Harrison.  "Even though CP has experienced phenomenal 
success in a short period of time, there remains a lot to accomplish over the 
next three years to grow this company even further with our customers and 
Colter added, "Hunter is arguably the most respected and successful leader in 
the rail industry and Canadian Pacific's evolution is stronger than ever with 
an outstanding senior leadership team and a railway operating model that will 
take CP to levels it has not achieved in its 133-year history." 
Note on forward-looking information
This news release contains certain forward-looking information within the 
meaning of applicable securities laws relating, but not limited, to our 
operations, priorities and plans, anticipated financial performance, purchases 
of common shares for cancellation under CP's share repurchase program, future 
sources of capital, business prospects, planned capital expenditures, programs 
and strategies. This forward-looking information also includes, but is not 
limited to, statements concerning expectations, beliefs, plans, goals, 
objectives, assumptions and statements about possible future events, 
conditions, and results of operations or performance. Forward-looking 
information may contain statements with words or headings such as "financial 
expectations", "key assumptions", "anticipate", "believe", "expect", "plan", 
"will", "outlook", "should" or similar words suggesting future outcomes. 
Undue reliance should not be placed on forward-looking information as actual 
results may differ materially from the forward-looking information. 
Forward-looking information is not a guarantee of future performance. By its 
nature, CP's forward-looking information involves numerous assumptions, 
inherent risks and uncertainties that could cause actual results to differ 
materially from the forward-looking information, including but not limited to 
the following factors: changes in business strategies; general North American 
and global economic, credit and business conditions; risks in agricultural 
production such as weather conditions and insect populations; the availability 
and price of energy commodities; the effects of competition and pricing 
pressures; industry capacity; shifts in market demand; changes in commodity 
prices; uncertainty surrounding timing and volumes of commodities being 
shipped via CP; inflation; changes in laws and regulations, including 
regulation of rates; changes in taxes and tax rates; potential increases in 
maintenance and operating costs; uncertainties of investigations, proceedings 
or other types of claims and litigation; labour disputes; risks and 
liabilities arising from derailments; transportation of dangerous goods; 
timing of completion of capital and maintenance projects; currency and 
interest rate fluctuations; effects of changes in market conditions and 
discount rates on the financial position of pension plans and investments; and 
various events that could disrupt operations, including severe weather, 
droughts, floods, avalanches and earthquakes as well as security threats and 
governmental response to them, and technological changes. The foregoing list 
of factors is not exhaustive. These and other factors are detailed from time 
to time in reports filed by CP with securities regulators in Canada and the 
United States. Reference should be made to "Management's Discussion and 
Analysis" in CP's annual and interim reports, Annual Information Form and Form 
40-F. Readers are cautioned not to place undue reliance on forward-looking 
Forward-looking information is based on current expectations, estimates and 
projections and it is possible that predictions, forecasts, projections, and 
other forms of forward-looking information will not be achieved by CP. Except 
as required by law, CP undertakes no obligation to update publicly or 
otherwise revise any forward-looking information, whether as a result of new 
information, future events or otherwise. 
About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and 
the United States with direct links to eight major ports, including Vancouver 
and Montreal, providing North American customers a competitive rail service 
with access to key markets in every corner of the globe. CP is a low-cost 
provider that is growing with its customers, offering a suite of freight 
transportation services, logistics solutions and supply chain expertise. Visit 
cpr.ca to see the rail advantages of Canadian Pacific.

SOURCE  Canadian Pacific 
Contacts Media Ed Greenberg Tel.: 612-849-4717 24/7 Media Pager: 
855-242-3674 email:Ed_greenberg@cpr.ca  Investment Community Nadeem Velani 
Tel.: 403-319-3591 email:investor@cpr.ca 
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CO: Canadian Pacific
ST: Alberta
NI: TRN 2575 WNEWS  
-0- May/07/2014 11:30 GMT
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