CALGARY, April 27 /PRNewswire-FirstCall/ -- Canadian Pacific Railway Limited (TSX/NYSE:CP) has filed with the Toronto Stock Exchange (TSX) an amendment to its previously filed notice of its intention to make normal course issuer bid purchases in order to increase the number of common shares it may purchase. The increase allows CP to purchase up to 15,250,010 of its common shares during the 12-month period ending March 27, 2008. This represents approximately 9.8% of the public float of common shares outstanding on March 15, 2007, the date of CP's previously filed notice.
Purchases may be made through the facilities of the TSX or the New York Stock Exchange (NYSE) or such other means permitted by law. The ability to make certain purchases through the NYSE is subject to CP obtaining approval from Canadian securities regulatory authorities.
Canadian Pacific, through the ingenuity of its employees located across Canada and in the United States, remains committed to being the safest, and most fluid railway in North America. Our people are the key to delivering innovative transportation solutions to our customers and to ensuring the safe operation of our trains through the more than 900 communities where we operate. Our combined ingenuity makes CP a better place to work, rail a better way to ship, and North America a better place to live. Come and visit us at http://www.cpr.ca/ to see how we can put our ingenuity to work for you. Canadian Pacific is proud to be the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games.
