Issue 13 – Canadian Pacific Railway – Covering the Continent

Canadian Pacific Railway Ltd. (TSX/NYSE: CP) was formed and incorporated in 1881 with the goal to physically unite Canadians from coast to coast. The building of the railway is regarded as one of Canada’s greatest feats of engineering. Over the last fourteen decades, CP’s businesses have diversified to include hotels, airlines, mining, energy, logistics and communications. Headquartered in Calgary, CP carries a market cap of CAD$ 60 billion and has a dividend yield of roughly 3%.

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By Charles Marleau CIM^® and William Mitchell CIM^®

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By Charles Marleau CIM^® and William Mitchell CIM^®