Canadian Pacific to present operational progress and roadmap to further Operating Ratio improvement at Investor Day

Webcast to begin at 9 a.m. Eastern

CALGARY, March 27, 2012 /CNW/ - Canadian Pacific's public presentation to investors and analysts takes place today (March 27, 2012), detailing the railway's progress against key operational metrics and outlining its plan for continuing improvement to the Company's operating ratio ("OR").

To watch the live webcast, go to: www.CPonTrack.com and follow the link

Presenters include: Fred Green, President and Chief Executive Officer, and members of the senior executive team who will update investors on progress against key operating metrics and advancing the Multi-Year Plan; members of CP's Board of Directors; and representatives of Oliver Wyman (part of Marsh & McLennan Companies), highly qualified, independent railroad industry experts retained by CP's Board of Directors, which will present elements of its independent assessment of CP's Multi-Year Plan and its analysis of the feasibility of Pershing Square's publicly stated projections and timeframe for CP's OR improvement.

Editor's Note:
To assist newsrooms, the following will be provided:

1. Live audio/video webcast of meeting
2. High-resolution still images of meeting
3. Broadcast-quality b-roll
4. Broadcast-quality cover shots of meeting
5. Broadcast-quality clips

*High-resolution photos of the company and day-of images can be downloaded from the CNW link: http://cnw.pathfireondemand.com/viewpackage.action?packageid=530

**Stock company b-roll and footage from the event will be available via satellite feed between 1 p.m. - 1:30 p.m. Eastern Coordinates are as follows:
ANIK F2C
Transponder 3B
111.1 degrees west
Downlink Freq: 3820.0000 V
Audio subcarriers: 6.8 and 6.2

***The same footage will then be posted to the CNW Video on Demand page at 3pm ET: http://cnw.pathfireondemand.com/viewpackage.action?packageid=530

Forward Looking Statements
This news release contains certain forward-looking statements relating but not limited to our operations, anticipated financial performance and business prospects. Undue reliance should not be placed on forward-looking information as actual results may differ materially. Forward-looking statements are not guarantees of future performance. By its nature, CP's forward-looking information involves numerous assumptions, inherent risks and uncertainties, 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; 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, including long-term floating rate notes; 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. 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.
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) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit www.CPonTrack.com and see how Canadian Pacific is further driving shareholder value.

Contacts:
Media Relations
Ed Greenberg
Tel: [phone]
24/7 Media Pager: 855-242-3674
[email protected]

Investor Relations
Janet Weiss
Tel: [phone]
[email protected]

Joele Frank, Wilkinson Brimmer Katcher
Joele Frank / Tim Lynch / Jed Repko
Tel: [phone]