CP deeply saddened by loss of former board member, the Honourable Jim Prentice

CALGARY, Oct. 14, 2016

"We are incredibly saddened to learn of the loss of Jim Prentice," said CP's CEO E. Hunter Harrison. "He was a tireless public servant, leader and friend. It was a privilege to know Jim and our thoughts go out to his loved ones at this very difficult time."

Mr. Prentice served on CP's Board of Directors from June 2013 to May 2014.

"There are no words to describe how we are feeling at this time," said Andrew F. Reardon, Chairman of the Board. "Jim served on CP's board during a time of extraordinary change and his knowledge, passion and leadership were critical in setting the company on a path to success. He was valued at the board level and he will be greatly missed by everyone. On behalf of the board, I extend my heartfelt condolences to his family and friends."

About Canadian Pacific

Canadian Pacific Railway Limited (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 growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit www.cpr.ca to see the rail advantages of CP.

SOURCE Canadian Pacific