ITEM 2.02 Results of Operations and Financial Condition.

The following information is furnished pursuant to Item 2.02, "Results of Operations and Financial Condition."

On January 31, 2023, Canadian Pacific Railway Limited ("CP") issued a press release setting forth its financial results for its three months and year ended December 31, 2022. A copy of CP's press release is attached hereto as Exhibit 99.1. CP does not intend for this Item 2.02 or Exhibit 99.1 to be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or to be incorporated by reference into filings under the Securities Act of 1933, as amended.

ITEM 9.01 Financial Statements and Exhibits.



(d) Exhibits

Exhibit No.           Exhibit Description
  Exhibit 99.1          Press release issued January 31, 2023 by Canadian Pacific Railway Limited
                      and furnished pursuant to Item 2.02, "Results of Operations and Financial
                      Condition."
Exhibit 104           Cover Page Interactive Data File (embedded within the Inline XBRL document)


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